Indeed that will change - completely - as there will no longer BE embedded taxes under the FairTax, NONE!!!So what does that amount to today in pigdogland? 0.87%...3.75%?...
What's todays number for "embedded/hidden taxes that aren't taxes at all" pigdog? Oh wait maybe todays meaning of hidden and embedded are different than yesterday's
"You Squirrels seem to be munching on a bad bunch of nuts that affect your reasoning. You've completely missed the point that the "hidden taxes" are not taxes at all, but artificially-increased prices caused solely by the business income tax and compliance costs.pigdog:The "hidden taxes" themselves (since they are not taxes but unproductive price increases) do not need to be replaced by a revenue neutral FairTax. Instead they are removed - POOF! Gone!! That's why prices will decline with the elimination of income taxes. The income taxes formerly paid to he IRS (but not "hidden taxes" which are not so paid) are the ones involved in revenue neutrality......
...."The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small. I gave an example of a $100 purchase that ended up with (very generously) a $3.75 tax revenue amount which, under the FairTax, would have been $23.00.pigdog:
"The taxes embedded (hidden) in the prices of things by the cascading mechanism I've continually illustrated are not part of the revenue neutral concept at all, but are part of the inflated prices paid by consumers IN ADDITION TO THE "NORMAL" INCOME TAXES THEY PAY.So we don't know how much they are because no one benefits from "hidden taxes which aren't really taxes at all but are used to artificially boost prices for no apparent reason and somehow that money escapes taxes and taxable profits because, you know, they're "hidden" DUH!That's why many call them hidden taxes, Looey. They cannot be easily seen and are not normally recognized as tax revenue - since they are not part of the normal tax revenue from the consumer. The revenue neutral terminology comes from revenue raised by the normal income taxes (not the hidden taxes which just boost prices).
"The taxes embedded (hidden) in the prices of things by the cascading mechanism I've continually illustratedOh yea where is that table you can't call a table but instead it's a spreadsheet thing that used to be a "cascading mechanism"?...
I've got to see if I can locate your "cascading mechanism". We could all use a good laugh on this otherwise somber day.
The employer portion of FICA is nowhere to be found in his version of hidden taxes. But he uses all of the above when discussing post-Fair Tax price reduction.
Trying to get him to admit that corporate income taxes plus the 15.3% of FICA taxes plus the employee federal income tax withholding (for an average total of 22% of the price of the product) are hidden taxes paid by the buyer and sent by the corporation to the federal government is impossible.
He can't admit that. If he does, then the additional- money-we'll-get-from-the-criminal myth will go away. So will the it's-only-23%-because-the-taxpayer-base-is-larger myth.