[Zon]

What I am concerned about is what happens to retired people of fixed means. I am not one of them, but I do have parents who are

Here's one example: a loaf of bread that costs a dollar has 22 cents tax embedded in it. Strip out the embedded taxes -- which the NRST does --  and the loaf of bread costs 77 cents. But now you have to tack on a 23-cent retail sales tax  to the bread. Thus, the same loaf of bread still costs 77 cents plus 23 cents in tax. Retired people on fixed incomes will ultimately pay the same prices they are now.

Actually, it's better than that. Under the income tax there is no sales tax on medicine. But, a $50 bottle of pills still has roughly 23 cents of tax embedded in it So even though the total price for the bottle of pills is the same under both tax schemes, the prebate check from the government pays the 23% tax.

[RKV]

So the NRST replaces all corporate taxes (which is what is embedded in the price of a good or service in your example)? I guess I need to read up a bit more since this "prebate" thing eludes me.

[Zon]

As it is now, congress empowered the IRS. Congress must rectify the problem they facilitated. The IRS can and has destroyed thousands of people financially with impunity The IRS has destroyed start up business before they were able to create new jobs and grow the economy. 

The IRS, a thinly camouflaged collection agency is a tool for social manipulation and control. It's imperative that the IRS be held accountable for its attrocities and eliminated. IRS Abuse Reports -- The Case Against the IRS

A word to the naysayers: Maybe you have immunity--a "get out of jail free card". Ninety-nine-point-nine percent of us don't.

[Principled]

And their is no tax on SS benefits. And investments grow fastr tax free. And estates are passed on tax free.....

[balrog666]

Here's one example: a loaf of bread that costs a dollar has 22 cents tax embedded in it.

I must have missed it. Where did you establish that 22% number and where was it compared to actually collections?

And if average prices only fall 3% due to embedded taxes, doesn't that mean that actual pay-at-the-register prices will rise by 25%? How would that impact sales? And the entire US economy?