[jonestown]

And for a $100 purchase the tax paid would be $29.86, a tax rate of 29.86%, not 23%, correct?

If you have a price only, and wish to calculate what your total payment will be, you use the ratio of payment to price to determine that (1.2987 * $100) = 129.86 for an item with a $100 price.

Thank you. In other words, -- my comment is correct.

Evidently I don't understand the purpose of your comment, what it is that you are trying to compare legislation's tax rate with?

I am trying to establish what the proposed rate would be, -- not to compare it with anything else.

You have finally confirmed it to be 29.86%... --- Congrats.

[ancient_geezer]

I am trying to establish what the proposed rate would be, -- not to compare it with anything else.

You have finally confirmed it to be 29.86%... --- Congrats.

That's good, because you now know that the effective federal income/payroll tax the NRST replaces is exactly the same rate when measured the same way. --- and??