my understanding is the tax will be INCLUDED in every dollar, not tacked on..where did you learn this?? (I wanna know so I can do some research on it)..
They tack on 30% in FT on to each dollar spent on the item itself. Then they claim that 30 cents is only 23% of $1.30.
Total scam.
Take something that now costs $1 - a quart of milk, for instance. With the "Fair Tax," it would then cost $1.30.
Almost any high school graduate would be able to tell you that the 30-cent tax constitutes 30% of the original price...
That the "Fair Tax" advocates express it otherwise is prima facie evidence they are liars and frauds, or fools.
When you compare the Fair Tax proposal with today’s sales tax, it’s still 30% no matter how you present it. Fair Tax people will say that of every dollar you spend, $0.23 goes to taxes. True, but then $0.23 is 30% of $0.77 which would have been the cost of the item without the tax.
The bottom line is, today in Austin, Texas I pay 8.5% sales tax which is 8 1/2 cents for an item that costs $1. With the Fair Tax, I would be paying $0.30 instead. To people who have been dealing with sales tax all their lives, that’s called 30%, not 23%.
The Fair Tax people know that a 30%+ sales tax cannot be sold to the American public even if it means the abolition of the IRS, that’s why they call it a 23% rate.