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To: Bigun
Under the FAirTax a price listed would include the FairTax so if the Dr. lists checkups @ $100 The receipt would show $77.00 for services rendered and $23.00 tax remitted to Fed. Gov.

No. The price before tax is $100. What is the end price?

773 posted on 01/11/2008 10:39:06 AM PST by Toddsterpatriot (What came first, the bad math or the FairTaxery?)
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To: Toddsterpatriot
I'm trying to tell you that prices would no longer be listed as pretax with the FairTax in place. Shelf prices would include the tax.

Under the FairTax if the doctor's price list says "Checkups $100.00" the receipt would show $77.00 for services rendered $23.00 tax to Fed. Gov.

If the price list says "Checkups $129.87" the receipt would show $100.00 for Services rendered and $29.87 tax to fed. gov.

If the price list says "Checkups $150.00" the receipt would show $115.50 for Services rendered and $34.50 tax to fed. gov.

Whatever the Dr. lists as his price for a checkup under the FairTax, $23.00 of each $100.00 will be tax and the remainder for services rendered.

774 posted on 01/11/2008 11:22:31 AM PST by Bigun (IRS sucks @getridof it.com)
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