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To: Non-Sequitur

I am curious where you got the idea that the FairTax would impose a retail tax on only certain items?

FYI the FairTax NRST is applied on each and every RETAIL product and service in the USA or under its jurisdiction.

But, the FairTax abolishes all other federal taxation with exception of gas taxes and GSE taxes which are inconsequential.

By abolishing all federal taxation, the FairTax lowers the cost of all products and services by an average 20%.

So an NRST rate of 23% minus 20% costs yields an additional 3% of taxation.

Most people are overjoyed to pay an extra 3% if it means getting rid of the Income tax.


235 posted on 05/12/2009 11:47:21 AM PDT by Hostage
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To: Hostage
I am curious where you got the idea that the FairTax would impose a retail tax on only certain items?

By reading the article.

236 posted on 05/12/2009 11:50:37 AM PDT by Non-Sequitur
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To: Hostage
By abolishing all federal taxation, the FairTax lowers the cost of all products and services by an average 20%

Are you back to this lie? THis is only true if people only get to keep their current takehome. Most of these taxes are payroll and withheld income taxes.

With the FairTax promise of "Keep 100% of your paycheck" at most prices for domestic goods would drop 7-10% before the addition of the at least 30% FairTax (more likely 40% plus). Prices out the door would skyrocket.

And the number of people buying things on the black market or for business use would also skyrocket requiring an NRST enforcement team with real teeth. Every bit as bad as the IRS. And the higher the tax, the bigger the evasion, requiring an even higher tax.

But we've been over all this before ad infinitum...

241 posted on 05/12/2009 12:27:08 PM PDT by RobFromGa (The FairTax is to tax policy as Global Warming is to science.)
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