I was jut thinking about that it would be nice if the tax was included in the price but then on second though...let’s see what happens when a person buys 100 dollars of groceries and the receipt shows 30% tax. Burying the tax in the product makes it not so unacceptable:’(
23% is currently buried in the cost of the item..so removing it, and replacing it with the fair tax would result in the same $100, only the receipt would show
“purchase $77”
Tax $23
Total $100
While a good argument is that companies wouldn’t reduce the cost of their items to increase their profit margins, the free market would kick in and prices would fall..
You sell something for $100 to someone and tell them that includes taxes. Then turn around and sell them the same thing for $100 and tell them that they didn’t pay taxes on it and see their reaction. They will think they got a better deal no? Embedded taxes are the same thing.