Have you any idea how many people there are in this country who have INCOMES but pay no tax on them under the present system but WOULD pay with a NRST?Are you considering the payroll tax? If you include that, not too many people don't pay taxes on their income - a lot less than wouldn't pay taxes under the FairTax with it's FCA.
2004Personal income $ 9,659Less: Personal current taxes $ (1,036)Equals: Disposable personal income $ 8,623Less: Personal outlays $ (8,533)Personal consumption expenditures $ (8,231)Personal interest payments $ (188)Personal current transfer payments $ (114)Equals: Personal saving $ 90
If you are trying to tell me people spend more than they make, that just doesn't make sense.
People spend more than they report for federal income and payroll tax purposes for certain, alot more.
It does well to remember there are many housholds and foreign "visitors" that do not or are not required file or report under the federal tax income/payroll tax system not mentioning 10-20% of activity outside of GDP data in underground cash income that doesn't get reported to the IRS or into BEA or BLS data series.
How many pimps, prostitutes, drug dealers, back room gamblers, pool hustlers, ad infinitum do you know that pay a payroll tax or an income tax? How many fabulously wealthy individuals who derive their entire incomes from municipal bonds?