Why do fair tax supporters claim it is like a sales tax then quote a rate and method of computing the tax that is radicaly different than any current sales tax.
If it was like a sale tax then the tax on a 100.00 item would be 22.00 not the 29.xx that the fair tax method requires.
Ah geez... not this sh*t again...
$100. After Income/corporate taxes/compliance costs pulled. $70. With NRST, it's back up to around $100 dollars again. Businesses win. Consumers win. Only applies to retail items. If you can find it used, buy it that way. Fix old stuff. Increased value on durable goods. Blah-blah-blah...
Why do current IRS tax scheme advocates gottta re-hash the same crap over and over again as if it is new territory?
This is the old inclusive-exclusive argument that has been dealt with many times. If you are truly interested it is in the FAQs of the fairtax.org website. If you are not interested enough to inform yourself don't complain about non-issues.