[lewislynn]

I have had none of my questions on this thread blown off by anyone

Is your question always a string of question marks?

The NST is really a tax "of the gross payments" including itself (and everything else in "the gross payments").

The 23% rate thrown around is (intentionally) misleading.

The 23% rate in sales tax terms is actually 29.87%...An item sub-totalling $100.00 before the federal tax would cost $129.87 (gross payment)

$29.87 is 23% of $129.87 (gross payment)

The fairtax shills will declare to their death that "gross payments" doesn't really mean "gross payments". The wording of the legislation and the defintion in the legislation proves otherwise..How could it not?

It isn't a simple sales tax like you might have in your state.

[jonestown]

The 23% rate thrown around is (intentionally) misleading.

The 23% rate in sales tax terms is actually 29.87%...An item sub-totalling $100.00 before the federal tax would cost $129.87 (gross payment)
$29.87 is 23% of $129.87 (gross payment)

It isn't a simple sales tax like you might have in your state.
811 lewislynn

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Once it is established [by a simple sales reciept] that the Fair Tax is actually 29.87%, -- It is a simple sales tax like you might have in your state.

[Gabz]

I only got into this discussion for the first time today, so please, cut me some slack.

What I'm getting from your explanation is that the tax is going to be higher than what has been stated. I think I (might) be understanding your equations.

My problem with your equation is you are not taking into consideration the fact the income tax is done away with. If I've got more money coming into my bank account every payday, I can spend more or save more. It's my choice.

I like that kind of choice.