Did you also tell tham that to compare a tax such as the FairTax to the Income tTax it replaces that using the same basis (tax inclusive) is required???
In fact, that's why the rate is used in the bill as tax inclusive. Those Congresspersons ain't too smart, you know.
That's an idiotic statement: in replacing an income tax with a sales tax, people will appreciate the magnitude of the resulting sales tax much more readily if it's calculated in the same fashion as all other sales taxes.
In fact, that's why the rate is used in the bill as tax inclusive. Those Congresspersons ain't too smart, you know.Actually you aren't too smart. Show me where it's written a business has to charge the consumer 29.87% sales tax.
The reason the wording of the bill is "23% of the gross payments" (tax inclusive) is because it doesn't dictate what the sales tax rate is any more than it dictates what a business should charge.
It wasn't written for the consumer because the consumer doesn't remit the tax. The wording is to instruct the business to remit "23% OF the/ir gross payments" which would have to be "tax inclusive"...In fact "gross payments" would be everything "inclusive".
State sales tax laws are also written for the business not the consumer. But state laws dictate a business impose a tax ON a purchase then remit that amount instead of a tax "23% OF the gross payments".