[RobFromGa]

I just posted the formula. And people will use the "times 29.87% formula" to calculate the tax, not the inclusive 23% math. And with the inclusive amount of 33%, the actual FairTax exlusive amount would be 50%.

(0.333/(1-0.333)) = 50%

When you factor reality into the calculation, that is a much better estimate of the FairTax rate.

[pigdog]

Actually, "the people" (your term) won't have to calculate the tax at all. It will show up clearly specified on the receipt required ... and it will be shown as the tax inclusive marginal rate plus that amount added to the item price to give the total price. In fact most businesses will probably end up posting the tax inclusive prices just as Disneyworld, Six Flags, some resorts and hotels (... and many countries) do for that matter.

And as with the Tax Panel, you don't get to rewrite the FairTax bill to suit your own debating tactics. Your (and the Panel's) guesses are both based upon unjustified tax base shrinking plus massive inflation of evasion (twice the current income tax amount) as well as other liberal think tank "stunts".

With the FairTax, the taxpayer complies with the FairTax law when he buys the thing involved and receives the receipt. The disingenuous attempt to insert a loss of 30% of taxes at that point due to "evasion" is not what would be called "forthright".

After all, evasion occurs when taxpayers do not pay taxes that are legally due.