For a business to be able to remit 23% of their gross income and not come out broke as a result, they’d have to add 30% to their prices to cover their new tax.
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NEGATIVE; the cost of goods would go down a like amount basically leaving prices unchanged , if you had read the book or bill you would have noticed the provisions for the cutover to the new system...
Please apply the book's theories to twenty ounces of pure gold, purchased retail. Open up your newspaper, find out the present spot price of gold, call up your local gold investment broker, ask what it'd run you to buy that twenty ounces (physical) of gold.
There, you've now the exact amount of money built in to account for taxes, profits, salaries and cost of business. You know it to the penny. Please tell me how fair tax will squeeze that five percent over.
Stop reading a book, and apply the theories to your own business, or standard investments. Figure out how it will change life, then debate those issues, rather than using fatally flawed arguments that are simply written out. Sorry, there's only one book I believe word for word, and Fair Tax has another 1995 years to mature before it can even catch up to today.