Replies

It's the same story pd. They try to have everyone reduce the purchasing power of earned dollars due to the nrst but "forget" that purchasing power of earned dollars is reduced under the income tax too.

A family who today earns 23,000 and an overall federal effective tax rate of 5% would be able to spend 21,850.

The family under the nrst (the one in the posts above) would earn 23,000 and get a rebate of 5290. They'd have cash on hand of 28,290 which would be reduced by tax down to 21,783. And that 21,783 buys more under the nrst that today. A 9% price drop means that 21,783 would buy 23,937 worth of stuff.

9 out of 10 anti nrst arguments are fraudulent in that they neglect the effect that the income tax has on earnings. It's silly why they do that. Do you suppose that while discussing the comparison of systems that people notice their omitting one of the sytstems? LOL!

That's certainly true about the reduced prices helping the FairTax have greater purchasing power as you clearly point out. And that's even while failing to use the lowered effective FairTax rate as pointed out a couple of times. That would make an even more stark difference in favor of the FairTax,

In addition, under the income tax the after-income-tax money ($21,850 approx) buys "stuff" that is actually of lesser value due to the embedded taxes which works to reduce the value of things purchased under the income tax - truly a lose-lose proposition.

And, what's even worse under the income tax to even have the $21,850 the taxpayer had to earn (guess what ...) $23,000. Ironic, ain't it??