This has been shown to be FALSE. The FairTax study assumed that wages would be reduced to current take-home pay levels in order to remove the embedded tax costs from the pricing in products. See these threads for the whole story:
JORGENSON EXPLODES FAIRTAX MYTH (FR Exclusive) |
||
Posted by RobFromGa On News/Activism 08/25/2005 12:40:44 AM EDT · 701 replies · 7,599+ views |
||
MONEY finds flaw in 'FairTax' bestseller [FairTax myth busted by major magazine] |
||
Posted by Your Nightmare On News/Activism 09/08/2005 7:48:28 AM EDT · 238 replies · 2,830+ views |
WRT 48, thanks Rob.
Please don't go back to that again.
I read all of it, the posts, the articles, the studies, everything. Lots of reading and time spent. There are compelling cases that amounts to the percentage of the tax relative to what company's would have to do to lower the pretax price of goods based on the studies. It is simply symantics of what the price of goods would be within a couple of percentage points based on the final percentage of Fair Tax applied to goods.
Excuse me, but this is crap. My salary is negotiated with my employer, not some politician. Or are you assuming that the money I am currently paying to SS, Mediscare, and income tax will somehow just evaporate and I never get to see it?
Stop with the propaganda telling people that not only will they have to pay a 23% sales tax, they will get shafted out of THEIR money that is currently being paid to the government.