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How many times have you made one of your typical cut-and-paste posts that showed how the 29.87% rate was calculated

The NRST is 23% of sales receipts remitted by the Vendor, as called for in the bill.

Instead of leaving federal taxes hidden within prices as we do today, the NRST requires the reporting of federal taxation on every retail sales receipt as a separated line item. To accomplish that you multipy the price due by the percentage of taxes included within price and provide that information as a separate line item on the receipt.

In all those posts I don't remember this $140+ billion tax credit being accounted for.

You do not find it because the Budget Enforcement Act / CBO methodology does not require accounting for refunding excess tax payments for setting rates on a revenue bill. refunded excess tax payments are not reported as part of revenue under the current income/payroll tax system, nor are refunded excess tax payments a part of revenue under the NRST.

Tax rates are set in accord with equilibrium conditions not single time transitional effects under the Budget Enforcement Act.

End of issue, you are just repeating yourself.

If you want an honest debate about the NRST, stop with the funny math and Enron accounting, come up with the real rate,

Doesn't take any accounting at all:

The NRST is 23% of sales receipts remitted by the Vendor, as called for in the legislation as set by Budget Enforcement Act requirements. That is the real rate:

H.R.25

Fair Tax Act of 2003 (Introduced in House)

http://thomas.loc.gov/cgi-bin/query/z?c108:H.R.25:

`SEC. 101. IMPOSITION OF SALES TAX.

`(a) IN GENERAL- There is hereby imposed a tax on the use or consumption in the United States of taxable property or services.

`(b) Rate-

- `(1) FOR 2005- In the calendar year 2005, the rate of tax is 23 percent of the gross payments for the taxable property or service.

`SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.

`(a) In General- For each purchase of taxable property or services for which a tax is imposed by section 101, the seller shall charge the tax imposed by section 101 separately from the purchase. For purchase of taxable property or services for which a tax is imposed by section 101, the seller shall provide to the purchaser a receipt for each transaction that includes--

- `(1) the property or services price exclusive of tax;

- `(2) the amount of tax paid;

- `(3) the property or service price inclusive of tax;

- `(4) the tax rate (the amount of tax paid (per paragraph (2)) divided by the property or service price inclusive of tax (per paragraph (3));

- `(5) the date that the good or service was sold;

- `(6) the name of the vendor; and

- `(7) the vendor registration number.

and lets debate it.

You want a higher tax rate, debate with a democrat.

I find the "real rate" actually paid by an individual citizen to be much lower, when all is accounted for.

A family of four, for example, could spend $23,220 per year free of tax because they will have received over the course of the year FCA prepayments totaling $5,341. $5,341 is the amount of sales tax paid on $23,220 in expenditures. A family spending double the "poverty level" or $46,440 per year will effectively pay tax on only half of their spending and, therefore, have an effective tax rate of 11 ½ percent or half the FairTax rate.

The beauty of the FairTax is that you can control how much you pay in taxes. If you happen to save, invest or spend a portion on used [previously taxed] items, you can get your effective tax rate below 9%.

To illustrate the NRST works, examine the tax burden that a family of four will have at various annual expenditure levels.