[lewislynn]

20% to 30% decrease in retail prices that facilitates spending and partially offsets the retail tax

This line continues to go on without explanation.

The fact is, in order for a price to be reduced 20% as a result of reduced taxes ALL of the stages of production, including the retail/wholesale level would have to reduce their costs an overall average of 20%.

If as a result of eliminating income tax, a company pays a 33.33% tax on profit, their profit would have to be 60% before they could reduce their total cost 20%...

Do you know of any companies operating at 60% profit or 60% capital gains? Do you really think 20% of retail prices is a result of the "compliance costs" (no NST advocate can seem to accurately define)?

[Principled]

The fact is, in order for a price to be reduced 20% as a result of reduced taxes ALL of the stages of production, including the retail/wholesale level would have to reduce their costs an overall average of 20%.

HA! LOL

Why in the world would you think this? This is nonsense. Did you mean to write this???

[Principled]

If as a result of eliminating income tax, a company pays a 33.33% tax on profit, their profit would have to be 60% before they could reduce their total cost 20%...

Ooopsie daisy lewis... you "forgot" that when income taxes are eliminated, it's eliminated for every entity. Hence all suppliers will be free of the income tax too.

[Principled]

If as a result of eliminating income tax, a company pays a 33.33% tax on profit, their profit would have to be 60% before they could reduce their total cost 20%...

Steaming pile alert....

The elimination of income tax on profits is only ONE of the savings experienced by a business under the nrst. Don't "forget" that ALL suppliers have also experienced an elimination of THEIR income taxes too.