[kevkrom]

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

The cost of imbedded taxes is larger than just the taxes paid -- it includes complaince costs, lost opportunity costs, higher interest costs, and so on, none of which shows up as federal tax revenue, yet still shows up at the cash register.

[Your Nightmare]

The cost of imbedded taxes is larger than just the taxes paid -- it includes complaince costs, lost opportunity costs, higher interest costs, and so on, none of which shows up as federal tax revenue, yet still shows up at the cash register.

$2-3 trillion in compliance costs? Try $100 billion.

Lost opportunity costs? This is in prices? And how are you going to add 30%+ to the cost of ever good and service sold at retail without adding dead weight to the economy? Do you really think you've discovered the only tax that doesn't distort the economy?

Interest is a deductible expense for businesses. The after-tax rate would not drop with the FairTax.