My doctor currently charges $100 for a checkup. After the FairTax, the doctor bill will have one line that says, Checkup:$100.
The next line will say FairTax:$---
What will the amount in that line show?
Thanks.
Under the Fairtax $23.00 of every $100.00 spend on a new good or service would go to the Fed. Gov as tax but it is VERY important for one to remember that under the FairTax one would not have to earn in the range of $120.00 - $150.00 in order to have the funds on hand to allow him to make that $100.00 purchase. Under the FairTax you would have to earn exactly $100.00 in order to have the funds on hand to make that $100.00 purchase.