Secondly, how much more money are they taking home each month?It depends, if pre-tax prices drop, none. If pre-tax prices stay the same, what was previously withheld.
The FairTax will most likely have a provision that the NRST on a primary home can be paid over the life of the mortgage, similar to how property taxes are paid.Where is that in the bill?
Where is that in the bill?
-- It's in the CATO Institute version of the plan.
You're mixing facts in order to cnfuse the newbies.
If take-home pay (THP) + the rebate (R) is 23% higher than before the tax shift and prices (P) stay exactly the same before imlementation of the FairTax (FT), then buying power (BP) is EXACTLY THE SAME.
If THP + R > P + FT, then Buying Power increases.
If THP + R < P + FT, then Buying Power decreases.
Get it???