What difference is there wrt purchasing power between a 23% income tax and a 23% nrst yn?With the income tax all income is not taxable income, disposable income has already been taxed.
With a NST all income is taxable, there's no disposable income unless you live in a cave, grow your own food and buy someone elses used crap.
With a little ingenuity, you too can enjoy the promised FairTax market efficiencies.
"With the income tax all income is not taxable income, disposable income has already been taxed.With a NST all income is taxable, there's no disposable income unless you live in a cave, grow your own food and buy someone elses used crap. "
Both of those statements are demonstrably incorrect.
With the nrst, all spending is not taxable spending.
With the income tax...disposable income has already been taxed.
That is precisely the point. That is what makes purchasing power less under the income tax. That is what makes a $100 item cost me $133 in earnings! My disposeable income was taxed before I got to spend it.
With a NST all income is taxable,
First, we're not talking about an NST. We're talking about an NRST. There's an important difference. Second, you're wrong. No income is taxable under the nrst. Only discretionary spending is taxed. Under the nrst, not all spending is taxed. Only discretionary spending.