[baybabe]

There have been many studies on past threads showing that under the FairTax (with the 9% price reduction that both sides have stipulated) that a given taxpayer’s purchasing power will rise, not fall as you seem to think.

You buy into an automatic price rise while income remains stable and that has certainly never been shown to be so in any economic study. The fact that purchasing power and economic activity increases under the FairTax is more significant I think. Certainly you will be paying taxes under the FairTax at your effective FairTax rate (rather than the higher marginal 23% ti rate you project). If you'd figure out your effective rate you'd be in a better position to see that.

[Toddsterpatriot]

There have been many studies on past threads showing that under the FairTax (with the 9% price reduction that both sides have stipulated)

Why would the price of a doctor visit fall?

You buy into an automatic price rise while income remains stable and that has certainly never been shown to be so in any economic study.

Says who? I don't buy into the perpetual motion (really bad math) of many FairTax supporters.

Certainly you will be paying taxes under the FairTax at your effective FairTax rate (rather than the higher marginal 23% ti rate you project). If you'd figure out your effective rate you'd be in a better position to see that.

Let's pretend my effective rate is 10%. Let's pretend my doctor currently charges $100 for a checkup. The FairTax becomes law, I'm so excited that I go to get a checkup. Clean bill of health. I stop at the billing desk, they hand me the bill. According to the new law, they have to break out the tax on the bill. How much is it?

[Bigun]

There have been many studies on past threads showing that under the FairTax (with the 9% price reduction that both sides have stipulated) that a given taxpayer’s purchasing power will rise, not fall as you seem to think.

I can tell you that I have run my personal situation through the FairTax Calculator under every plausible condition and have come out better off under the FairTax every single time. I believe myself to be a fairly typical retired person so I STRONGLY suspect that most others will fair similarly but there is no need for conjecture as everyone can easily see for themselves by simply using the calculator, at the above link, for themselves.