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To boil it all down, the 100% paycheck myth (same pay as before but no taxes removed) is the main lie of the FairTax plan.

I agree. There is even quotes from their experts that say one or the other must happen, not both. Employees can not keep 100% of their paycheck AND prices can not come down 20%. I firmly believe that is why Dr. Jorgenson does not endorse the fair tax anymore, they twist his analysis. This is a $1 Trillion lie, it is not a small deal.

And the stupid part of this lie is that is might be unnecessary. They could just say everyone is going to keep 100% of their paychecks and the price of goods will go down a little due to the simpler tax structure (but not by 20%), and when the FairTax is added the prices will be higher by the same amount that your paychecks are bigger. So it'd be equal to today when you net it all out. (Is this inflation?) The problem with this scenario is it kills those on a fixed income, and kills the value of savings, so it would kill the plan.

Or people could keep the same amount (about) as they take home today (the biz would save the taxes allowing them to lower prices) and prices (with FairTax) would be about the same as now and your takehome also about the same. So it's be equal to today when you net it all out. (Is this deflation?) This could work, maybe, but people would need to know the pay drop was going to happen, it couldn't be sprung on them later.

And then, when the growth kicks in prices will come down further and we will be in a golden age of expansion and growth.

Employees can not keep 100% of their paycheck AND prices can not come down 20%.

The price drop is before the nrst is added. After nrst prices are about where they are today.

A price today includes taxes and tax costs. They are not identified on the receipt.
A price under the nrst includes taxes and tax costs. They are identified on receipts.

It is merely the timing of paying tax that changes. Now, some of the tax comes out of your paycheck before you see it. Under the nrst, no [federal income related] tax will come out of your paycheck. Instead, you will pay your federal taxes when you buy something.

What you pay for something will no longer include taxes and tax costs of producers related to the income tax - what you pay will instead include YOUR sales taxes.

The producers no longer have the same tax cost components in prices. The nrst doesn't tax business transactions.

So a producer's price can be less than now - and when the nrst is added, the final price to consumer is similar to today.