[Toddsterpatriot]

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.

Math is hard.

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.

So, an item which costs $100 today will cost how much, after the FairTax becomes the law of the land?

[Tatze]

So, an item which costs $100 today will cost how much, after the FairTax becomes the law of the land?

A $100 item today includes about $22 of taxes paid at the various levels of manufacture and passed on to the consumer. So even today, your "after tax" dollars are paying for that.

The FairTax will remove that $22, lowering the cost to $78. Add the FairTax, and the cost is back up to $100 or $101. (I've seen studies that prices could drop even more putting the new cost even lower than $100)

The purchase price of an item includes the FairTax. So a receipt for a $100 item will show that the item cost $77 and the FairTax passed on to the Govt is $23.

Calculated inclusively, like the income tax replaced by the FairTax, $23 of $100 is 23%.

[baybabe]

It will cost less than $100 AND it will be easier for you to purchase since your income is not taxed beforehand.

The price reduction that even the anti-FairTax crowd agreed on was a 9% reduction ... look it up on earlier threads.