Dear pigdog,
Get with the 20th century.
The debate has passed you by.
Dr. Jorgenson has confirmed that the general price reduction is obtained by passing workers' payroll and income taxes along to consumers, thus reducing workers' gross pay under the NSRT to their current net pay under the existing system.
In his model, workers would not receive, under the NSRT, their gross compensation from under the old system. The WORKERS' payroll and income taxes, ALL OF THEM, along with corporate income taxes, investor taxes, no longer paid, drive the price decline.
Savings don't come in any significant degree from "cascaded embedded delusional taxes/costs."
Sorry.
Maybe you'll have better luck next time.
sitetest
"Next time"???. The debate is just getting started friend.
Additionally, I'll thank you to stop misrepresenting what I have said. In no post did I ever show business income taxes as a percent of revenue - that's your mistake, remember.
And regardless of what you think, the example I gave does show the mechanism of cascaded embedded taxes some large part of which will be eliminated with the FairTax. It also uses the marginal tax rate of the business (your choice to use C-corps) and the amount subject to income tax. And that is the way taxes are calculated - not as a percent of revenue; that's meaningless from the standpoint of embedded taxes.
Some portion of these taxes will, indeed, be taken out of prices despite what you seem to assume. it doesn't take an economist to realize that.
Also, I'm afraid you're a bit over optimistic if you think Dr. J.'s statement is about to repeal existing wage contracts since these are typically on gross income. As I've said - the debate is just getting underway. I suggest you not get too carried away with your own omniscience.