[Toddsterpatriot]

Maybe you can tell me what the FairTax will be on a $100 purchase?

[AppyPappy]

It hasn’t been decided yet. I’m pretty sure it will be around 20%.

Actually, I am sure it will never happen.

[baybabe]

Actually, it’s NOT a “$100 purchase”. You’ve had to earn $128 if you’re in the 28% tax bracket to PAY for that $100” purchase. If, at the end of the year, you file sufficient paperwork to convince the IRS you should get a small refund perhaps you can lower that to, say, 20% - but you still have to earn that much more for your “$100 purchase”.

With the FairTax there’s no tax filing and if you earn $120, you have $120 when you pay for that “$100 purchase” which actually will have dropped some in price due to the FairTax.

Of course with the income tax the IRS might also decide to fine and penalize you unless you can prove your innocence to some charge they decide to use on your tax situation. In that case your "$100 purchase" is even much more expensive than a "$128 purchase" - or perhaps you think things like that never happen under our present system.