[Dimples]

Hence the 23% first year only teaser rate.

Yes, and only one of several reasons the advertised rate is too low:

- unacknowledged increases in state and local taxes to pay FairTax
- entitlement autopilot increases
- government-taxes-itself shell game
- no accounting for evasion or avoidance
- predicted but unacknowledged decline in total personal consumption
- ...

... to name a few others.

[pigdog]

Erroneous right down your list Dimp-Dimp.

You SQLers think up the most ignorant observations of "why" the FairTax rate is too low.

In fact, the actual revenue neutral rate right now would be about 19% rather than 23 - despite all your nonsensical observations.

[Kellis91789]

Well, let's add a few on the plus column, then:

Lower interest on public debt (Fed savings $120B/yr, State & Local $80B/yr)

State & Local taxes lowered by adoption of FairTax and tapping underground economy

Increase in purchasing power for educational expenses

Avoidance and evasion limited to 15% of total retail sales purchased outside of large retailers

Huge increase in personal consumption as individuals see larger paychecks and lower interest rates

Expansion of economy by 10% brings in additional $230B/yr