Replies

I don't expect you to understand it, but it says exactly what Always Right says.

Jorgenson's Final Report to Americans for Fair Taxation (In part)

5. Since producers would no longer pay taxes on profits or other forms of capital income under the NRST and workers would no longer pay taxes on wages, prices received by producers, shown in the sixth chart, would fall by an average of twenty percent

Strange, very strange -- QUITE RECENTLY he posted this:

The gross misrepresentation continues. That number, which the fairtaxers paid for, includes taxes paid by employees, according to Dr. Jorgenson who did the study for them. In fact those taxes paid by employees, represent the majority of the 22% embedded taxes that the study found. Taxes paid by corporation and their share of the payroll tax only adds about 7% to the cost of the product. It is all smoke and mirrors. Those embedded taxes can not come out of the product unless employees agree to take a cut in pay, which ain't gonna happen.Price go up significantly under the fairtax after the 30% sales tax is added on the price.
4 posted on 01/14/2008 6:59:57 AM PST by Always Right

Yep. Strange, very strange.