[Badray]

Look at the whole picture:

Presently, the cost of imbedded taxes raises prices 20 to 25%.

Presently, the feds take 20 to 30% of your INCOME.

The FairTax will only be 30% of what you SPEND and prices will be lower because that imbedded taxation cost is GONE.

You will have a lot more to spend. Spending will not go down.

You are being illogical or dishonest to say otherwise.

[RobRoy]

>>Look at the whole picture:

Presently, the cost of imbedded taxes raises prices 20 to 25%.

Presently, the feds take 20 to 30% of your INCOME.

The FairTax will only be 30% of what you SPEND and prices will be lower because that imbedded taxation cost is GONE.

You will have a lot more to spend. Spending will not go down.

You are being illogical or dishonest to say otherwise.<<

Look at the whole picture. You have only touched on a piece of it. Keep in mind, the government will need the same money it always needed, except they will get it in a different way. Do not think your tax will go down. Look at what you pay in federal taxes, along with what the companies that produce and market pay in federal taxes (hidden in the prices). It will all be exposed now as a separate, naked, sales tax.

I think I am being conservative at 35%.

[robertpaulsen]

"Presently, the cost of imbedded taxes raises prices 20 to 25%."

On domestically produced products only.

How much of what we purchase on a daily/weekly basis is imported?

[Your Nightmare]

Look at the whole picture:

Presently, the cost of imbedded taxes raises prices 20 to 25%.

Presently, the feds take 20 to 30% of your INCOME.

So taxes are 20-25% of prices and 20-30% of income?

Come on, do the math. That would be between $4 and $5 trillion dollars in taxes collected!

[Gabz]

You will have a lot more to spend. Spending will not go down.

That is exactly how I am looking at it..

And in the example I gave, although just a personal anecdote, spending may very well INCREASE.