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.
don’t believe so..you’d have to show me where you learned this..the tax is inclusive within the $, not added on..
For every $1.30 I gross on my paycheck, the IRS takes 23% and I have $1.00 left to spend on the item.
In each case, the tax is 30 cents for every $1.30 earned under the IRS and 30 cents for each dollar spent under the FairTax. It doesn't matter what percentage you claim. The tax is 30 cents. The tax is 23% if applied to the $1.30 gross income. The tax is 30% if applied to the net after taxes. This is not a hard concept. To compare IRS and FairTax rates, the same base should be used. IRS and FairTax are both 23% of the $1.30 dollar gross. IRS and FairTax are both 30% of the $1.00 net. Most people are smart enough to understand the percentage depends on the base used.
I suspect that people who continue to insist the rates are different or somehow dishonest are not as stupid as they seem. They just don't want to discuss the pros and cons of IRS tax and Fair Tax. The Fair Tax is a winner for many reasons. I agree it is easy to demagogue and will be a hard sell.
Total scam.
Math isn't your strong point, is it?
(See post 73)
You are either ignorant of deceitful.
A 30% inclusive tax is 23 cents.
77 cents times .3 equals 23 cents.
77 cents plus 23 cents equal 1.00 dollar.
Any scamming is on your part.
That's still a lie -- just like it was the first time it was posted by one of you twisters.
That math would be correct, though. If you pay 30 cents on $1.00, this is equivalent to a 23% payroll tax. E.g., if $1.30 from your employer nets $1.00 on your paycheck, then a 23% tax rate was applied.
It is honest to portray a 30% sales tax as taking 23% of the earned money for purposes of comparison. It’s the payroll tax that is misleading, with it’s seemingly smaller rate (among other things).
Embedded “sales tax” is more fair than embedded “other kinds of tax”. Don’t you believe in freedom?