For those who don't know what the Fair Tax is, it is essentially a national sales tax of 23%.Hate to be the one to tell you Bryan but you're being lied to.
Actually Bryan the sales tax would have to be 30%.
The 23% rate is what the business collecting the tax pays. IOW Bryan, the business makes a $100 sale, charges you 30% tax, making the "gross payment" $130.00
The business would be required by law to remit "23% of the gross payments" to the greedy Nazi tax collectors...Sooo, 23% of $130.00 is $30.00 making the net to his/her business $100.00
See how easy it is to be misinformed and lied to when it comes to government and so called "fairtaxes" Bryan?
Currently under the income tax if you make $100,000 and pay $20,000 in tax we say that is a 20% tax rate. If we want an honest comparison that is how we have to look at the sales tax as well. With the Fairtax in place $.23 of every dollar spent on a new good or service would be tax. A 23% rate.
No matter HOW you figure it it remains The exact same amount of money!
http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8248