[Your Nightmare]

he he he... been there, done that.

And each time I ask, you fail to provide. This time is no exception.

The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes.

Exactly. And if you are replacing employees income and payroll taxes, how do you expect prices to drop because they aren't paying these any longer unless you drop their nominal wage by the amount they were previously paying in taxes? It doesn't matter to the employer if the employee is paying income/payroll taxes unless he's able to reduce his nominal wage.

[Principled]

look up one post

[Principled]

... if you are replacing employees income and payroll taxes, how do you expect prices to drop

By eliminating the income taxes, payroll taxes, and compliance/overhead costs of all businesses in the chain of production...all links in the chain of production.

That's what the research shows.

And since business purchases are not taxed, there is a savings of 22% or so to the producers. Then, add the nrst and prices are back to today's level.