[HardStarboard]

How many people go through the mental calculation to figure total tax paid on a transaction.

"Lets see...hummm.sales tax at 8.3% and income tax rate on my salary is 24% and 15% on the stock I sold...if I add them up...this costs 347.99 so my total tax is....ahhh screw it"!

The thinking will be more like, "holy smokes, I paid 8.3% or 73.00 on my television last year set and now they want 220.00 in taxes on this drill press that costs the same. Screw "Fair"!!"

Human nature plays a big part in our reactions to taxes. We react to simple comparisons of whats in front of us!

[baybabe]

Even simpler - and certainly more realistic - is to use one of the two FairTax calculators which will, if used correctly, show that your effective tax rate will most likely be between 10 and 15%.

Then use that to see what you’re paying in taxes under the FairTax.