Detailed text transcripts for TV channel - FOXNEWS - 20110522:22:08:00
>> yes, because, every time you describe it say this: it replaces all federal income taxes and replaces the payroll tax. in other words, that 23%, will collect the same amount of tax revenue from federal income taxes, corporately and personally, and will also collect the amount of money that is being raised through the payroll taxes. when a person gets their pay stub you will not have a federal tax deduction or a fica deduction. it will be included in the 23% that you paid. now, part 2 of this, in addition to being a replacement tax, now on top of anything, in addition to that, there is a pre-...
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