Quote Originally Posted by Judy View Post
Ummmm, Ronald Reagan wasn't talking about 100 different federal taxes. He was talking about every tax in the country, paid by each and every grower, worker, supplier, vendor, manufacturer and seller in the supply chain of producing and selling a loaf of bread.
Which are "Value Added Taxes"! They are all part of what makes that bread cost so much.

A head of lettuce sitting in a field costs nothing. Generally they grow naturally. But farmers buy the seeds, buy the water to help them grow, buy pesticides and fertilizes to help them grow, buy and maintain the tractors to plow the fields. And there are taxes included in all of those. Then they hire pickers to harvest the lettuce, a trucking company to take it to a warehouse, then more transportation to deliver it to the market. In my state lettuce is exempt from sales tax as a "necessity of life". But every step to get it there has taxes embedded in them.

Quote Originally Posted by Judy
That's why I asked you the question if you knew what the word "compounding" means. The very problem that Reagan was highlighting is the compounding problem of mandated income taxes which the FairTax eliminates on the federal level.
President Reagan was talking about the FairTax?