[Always Right]

You need to go take Math 101 too. Where did you learn your math in a government school? LOL! 23% of 100 is not 30 stupid! It is 23. Just think of it as 1% = 1$.

LOL, you call me ignorant and you make a statement like that! Learn about the Fair Tax and get back to me. For an item that costs $100, the retailer has to add $30 to it for a total of $130. The so-called '23% tax' is 23% of the after tax price of $130. The retailer keeps $100 and sends in $30 to the tax collector. If you had a clue about the bill you would know that.

[Sprite518]

Just go to your computer calculator, and do the following. Type in 100 * .23(aka 23%), and you will get the answer 23. Its not that hard genius!

[Sprite518]

I see what you are saying, but you are still fundamentally flawed. Retailers and corporation will not pay taxes on SALES only Purchases. Do you understand that? Therefore, the retailer would not have to add in the extra $30 as you imply. Learn math! I am beating dead horse here

[Chances Are]

The retailer keeps $100 and sends in $30 to the tax collector.

Let's see here. The retailer gets your 100 bucks. OK. Then, as you say, he sends off $30 of that to the taxing authority.

Hmmmm. Looks like he ends up keeping $70. And $30 goes to the taxing authority. Hmmmm.

If the original $100 were indeed the price of the good in question, looks like the tax rate is 30%. Or, if it turns out $70 were the price of the good in question, the it looks like the tax rate is 43%. Hmmmm....

What happened to 23%?

Of couse, in the above example which you've offered, the $70 kept by the retailer is more than likely the cost of goods sold, plus an allowance for profit. The figure, unlike today's prices, does not include provision for taxes. That's what the $30 is in your "argument".

If indeed his costs are $70, then at the proposed NRST rate of 23%, the (Federal) tax in question would be $16.10, for a total price of $86.10.

That's still quantatively better than $100.

Hmmmm.....

What did you say was your major in school again?

CA....

[pigdog]

Not quite right yet, Rongie.

If a thing costs $100 under the FairTax, then it includes $23 of tax and the thing itself is $77. The total cost ($100 in your example) must be shown on the required receipt.

In addition, your continued use of tex-exclusive figures isn't accurate either, since the correct t-e figure is 29.87%, not "30". You guys just like to artificially inflate things.

[Your Nightmare]

LOL, you call me ignorant and you make a statement like that! Learn about the Fair Tax and get back to me. For an item that costs $100, the retailer has to add $30 to it for a total of $130. The so-called '23% tax' is 23% of the after tax price of $130. The retailer keeps $100 and sends in $30 to the tax collector. If you had a clue about the bill you would know that.

Another victim of the AFT's "honesty." Of course, the inclusive rate is just for comparison! .:wink:. .:wink:.