[SolarisRocks]

Wrong - it is 129.xx because it isn't computed the say way a sales tax is. It is tax inclusive. IOW it is rather deceitful for those who support the fair tax to call it "like a sales tax" when every other state sells tax is computed differently.

That makes the real tax rate something like 29.xx percent

[kevkrom]

It is tax inclusive. IOW it is rather deceitful for those who support the fair tax to call it "like a sales tax" when every other state sells tax is computed differently.

It is not deceitful, it is to compare income taxes and sales taxes on the same terms. Anyone who knows the FairTax bill will be able to use either form interchangably.

[Beagle8U]

TY, I stand corrected. I thought it was figured like sales tax. 29% would be worse than the 23%. Then add in your state tax of 6-8%. Now put that figure on every dime you spend. Even food, med.'s, ect.

Many things you buy have NO other companys to compete with. Elec., phone, heating oil, hell.. the list is endless.

Don't get me wrong, I'm far right of Atila the hun, and more conservative than Jack Benny, I just can't get into screwing over the poor and elderly as much as this plan would.
Its a good deal for business, but there are better ways to help them without screwing the lil guys.