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Christian Louboutin Platforms |

“If you buy a $100 griddle, the price tag for the griddle will say $100. When you get a receipt for your purchase that receipt will itemized to show that $77 of the total cost will be retained by the retailer and $23 will be sent to the federal government as the FairTax. The total is $100, just as

Jordan Trunner

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Phillip "Smith"

Dear Ken Smith,
Thank you for showing everybody that 23 is 29.87% of 77 according to the percentage equation (Part/Whole) x 100 = %.

All the information hence forth will be derived from the quote below.

“If you buy a $100 griddle, the price tag for the griddle will say $100. When you get a receipt for your purchase that receipt will itemized to show that $77 of the total cost will be retained by the retailer and $23 will be sent to the federal government as the FairTax. The total is $100, just as the price tag says. In most government schools across the country they will teach that the $23 going to the government is 23 percent of $100 you paid for the griddle.”

If I may draw your attention to the last sentence where it specifically states “$23 going to the government is 23 percent of $100” you will see that the equation you were looking for is (23/100) x 100 = 23%

I think the misunderstanding arose here “When you get a receipt for your purchase that receipt will itemized to show that $77 of the total cost will be retained by the retailer and $23 will be sent to the federal government as the FairTax.” Where if you’ll read carefully it states that $23 of the full $100 dollars spent are embedded taxes. I believe Mr. Neal Boortz chose these numbers in this example due to their manageability inside the percentage equation.

I don’t even know that much about the FairTax, just what I’ve read here, but I had to comment on your inability to interpret data.
All I have left to say is this; learn how to do word problems in addition to percentages.

ken smith

Whether 23% or 30% is a fair tax rate or not depends, but you must have grown up learning "New Math" instead of real math.
If the total cost to me is $100, and $23 of that cost includes tax, it is a 30% tax rate, not 23%.

100 x 23/77) = 29.87%

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