OK, why do you say it's only 6 or 7% when all the economists who were cited for the book say it's 23%?
THE economist cited, Dr. Jorgenson, has said that 22% number for embedded taxes includes taxes paid by the employee. How many times must this be said? The FairTax organization has been GROSSLY misrespresenting this number for years. My 6-7% number comes directly from figures from the IRS on total taxes paid by businesses including business share of payroll taxes and the NIPA numbers for consumption.