Posted by
AuVox on Thursday, April 30, 2009 2:45:16 PM
Chapter Three of The FairTax Fantasy reiterates Hewitt and Adler's claim that the tax rate must be described as the exclusive 30% rate rather than the inclusive 23% because that's how all sales taxes are described. They dismiss Boortz's claim that, because the FairTax replaces the income tax and the income tax rate is inclusive, the FairTax should be described that way as well.
Again, both sides agree that both the 23% inclusive and 30% exclusive rates are identical.
Hewitt and Adler also claim that the rate won't be high enough to cover the nation's required revenue, and that the switch from an income tax to the FairTax will be confusing and uncomfortable.