This is just proof that the truth doesn't matter to you.Either way it doesn't amount to very much...but don't take my word for it.
"A couple of the opinions attempt the "... it's a wash ..." argument that you seem to prefer. It looks no better in their opinion that in yours and is easy enough to refute by taking, say, a $100 drug sale. The sale is not taxed under either IT or FairTax. Under the FairTax when spent by the drug dealer, the tax revenue gained is $23. Under the IT, the ONLY revenue gained (if any) would be at most the profit on the thing sold to the drug dealer ... let's say the seller has a good margin of 25% on sales or $25 on the drug dealer's $100. Of this $25, only a small portion would ever possibly end up as tax revenue since the tax on the $25 profit would likely be something like the 15% rate - or $25 x 0.15 = $3.75. This falls far short of the $23 tax "contribution" under the FairTax so the "it's a wash" arguments are nonsense no matter who makes them."We both know a "margin" isn't all profit and that a "margin" is for profit AND overhead...but giving benefit of doubt, even if a "good margin" was all profit it's at best 3.75% tax....again don't take my word for it, pigdog said so himself.
That's fine, Looie, if you wish to define profit as only part of margin; that'll just reduce the "tax contribution" from $3.75 to something even less and make the example even mo' bettah' in favor of the FairTax. Shall we say the profit is, then, 15% - making the "tax contribution" $2.25???
Or perhaps you'd like to do the arithmetic (and no, Looie - it's not math; its arithmetic).