[lewislynn]

"In practice, therefore, it would probably be possible to implement the FairTax at the 23% rate without any reduction in federal spending."

It certainly indicates the revenue neutral rate would most likely be lower than the 23% rate when a reasonable dynamic analysis is done

Not untill "in practice" is defined.

[pigdog]

I'm sorry to see that you don't understand what the term "in practice" means. Perhaps someone can help you out.