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To: MichaelSkyy who wrote (243671)	3/27/2008 1:01:41 AM
From: John Carragher	Read Replies (1) \| Respond to of 794026

yes, did calculator again.. comes up with $3500. less tax.. since i do not pay tax i wonder how my soc sec ended up getting taxed by calculator but not by fair tax... up to $56,000 is 15% fed income tax. i doubt a 30% or more tax will beat no federal tax.

To: MichaelSkyy who wrote (243671)	3/27/2008 2:09:38 AM
From: KLP	Respond to of 794026

Thanks, I've heard about the Fair Tax, but hadn't looked it up yet....Looks like a good system to know more about. I always want to look first at the "About Us" link to see who is on the board, etc .... fairtax.org

To: MichaelSkyy who wrote (243671)	3/27/2008 8:26:52 AM
From: Lane3	Read Replies (3) \| Respond to of 794026

Thanks for the pointer to the calculator. They didn't have that when last I looked into the "fair tax." I got a kick out of the way the calculator expressed my results. With the Fair Tax, you get: -4.75% MORE spendable income. -$3,400.54 MORE purchasing power. -$2,971.04 LESS federal taxes. Perhaps they think that a negative number followed by "less" will fool people. The biggest flaw I see in the calculator with my limited experience is that they don't ask you how much you spend. They don't allow for those spending their savings. I tried entering a negative savings but it automatically and incorrectly converted the number to positive.