[LowCountryJoe]

After enactment of the NRST, the shelf prices of products are expected to fall approximately 20-25% from todays levels (do to repeal of business & payroll taxes and reduction of the costs of tax compliance). Thus the actual out of pocket costs to the consumer (NRST + newprices) remain at approximately the same level as we see them today, remebering that this total payment is out of your full gross paycheck, as opposed to the takehome(after tax witholding) we see today.

Very nice!

And this house resolution - if ever made into law - would eliminate the need for payroll taxes too? I guess what I'm asking is, does SS and Medicaid get funded with the revenue?

[ancient_geezer]

And this house resolution - if ever made into law - would eliminate the need for payroll taxes too? I guess what I'm asking is, does SS and Medicaid get funded with the revenue?

In one word, YES.

That is why it is a 23% tax, It would be 15% if it covered only income taxes and left payroll taxes in place.