[Toddsterpatriot]

I was including only the embedded (e.g., hidden) income tax costs - and not sales taxes in any form since those are primarily state taxes presently. Only the tax part due to the income tax.

Yes, I realize you weren't referring to state sales tax.

The answer to both points is yes (but it's really not your income that increases but your DPI - disposable personal income or purchasing power).

So, DPI increases, prices fall and government revenues stay the same? And I get a prebate. Still sounds like a free lunch.

[pigdog]

"So, DPI increases, prices fall and government revenues stay the same? And I get a prebate. Still sounds like a free lunch."

No it's not a lunch and it's not free - it's merely simple economics. Read the paragraph in #227 that starts "The answer to both points is yes ..." very slowly a few times and reflect upon what it says. It's something a lot of people miss.