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Letters: Fair Tax math doesn't add up

Kill the exemptions and this just may work Aug. 24, C.T. Bowen column

Fair Tax won't add up

In 2007, consumer spending was roughly $9.68-trillion. That would be the tax base for the Fair Tax. Note that this includes both new and used goods. To replace all the tax revenue for that year (less excise tax receipts and customs duties) would require $2.48-trillion. The Fair Tax rate would have to be 25.3 percent. If used goods were not taxed and if "prebates" were sent out, the tax rate would have to be that much higher.

To actually balance the budget for that year would require $2.73-trillion and a tax rate of 28.2 percent, again taxing both new and used goods and before any prebates.

If used goods are exempted and "prebates" are given, this would certainly require taxes in the 30 percent plus range. That isn't spin. It's arithmetic.

Some of the Fair Tax advocates believe that this would force budget cuts on Washington. Sure, that'll happen.

The Fair Tax would provide "tax relief" to higher income households at the expense of lower income households. That's why there is such a well-funded campaign to enact it.

The most absurd claim is that funding the whole federal government with a sales tax wouldn't cause prices to rise because the taxes are already "embedded" in the prices of products. If that were true, corporate taxes would already be paying for the whole federal government. In fact, out of $2.57-trillion in federal revenues in 2007, only $370-billion came from corporate income taxes. The $2.2-trillion difference would have to come from dramatically higher prices for goods and services.

Before you start writing in and calling me names, do the math. The Fair Tax sounds too good to be true. And it is.

Dallas Dunlap, Brooksville

A simple solution

Thank you, Supervisor of Elections Brian Corley for finally realizing that the Scantron ballots really are the way to go.

No more hanging chad, no more unverifiable touch screens, no more wondering if my vote disappeared.

I walked into my voting precinct Tuesday morning, expecting to have to wade through screen upon screen of super-sensitive, too-small touch ballots. Instead, I walked in, signed in immediately (although the electronic sign-in line was a bit on the lopsided angle), and proceeded to get my computer-scanned ballot.

It was quick, easy, and I felt more at ease voting in this primary election than I have felt in quite a while.

Heather Clark, New Port Richey

Voter wants opinions

Why is there very little information about the state committee people?

You do a wonderful job giving us your opinion on all the candidates. Why not the committee people?

Heidi M. Taylor, Dade City

Editor's note: The Times does not make editorial recommendations for party-specific positions.

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Letters: Fair Tax math doesn't add up 08/26/08 [Last modified: Thursday, August 28, 2008 3:59pm]

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