OK, cite the lies and misrepresentations.
The Biggest lie about the fair tax is that everyone gets to keep 100% of their current paycheck AND prices still fall 22% because of 'embedded taxes'. The argument quotes a 1997 study done by then Harvard Professor Dr. Dale Jorgenson. Boortz tells us:
"Harvard economists have estimated this embedded tax to be around 22 percent of the cost of those goods. That 22 percent represents the payroll taxes and corporate business and income taxes paid by every manufacturer, shipper, wholesaler, merchandiser and retailer having any connection whatsoever with the product you have purchased. These taxes are all added to the cost of consumer goods."
According to Neal the 22% embedded taxes does not include the $1.3 Trillion of taxes paid by employees through income taxes and FICA. However, the Harvard economist who did the study says otherwise. In testimony the House of Representatives (see page 105 on link http://www.access.gpo.gov/congress/house/pdf/104hrg/26312.pdf), Dr. Jorgenson says:
"Since producers would no longer pay taxes on profits or other forms of income from capital and workers would no longer pay income taxes on wages, prices received by producers, shown in the fifth chart, would fall by an average of twenty percent."
Just read this thread from start to end, it is all spelled out in black and white-- both sides.
Are you new here? They've been posted on FairTax threads for the past several years. I used to post aggressively on these threads years ago, pointing them out, but I stopped when I realized the FT proponents have blinders on, so it's a hopeless cause convincing them.
Did you even read the article at the top of this thread?