[ancient_geezer]

One reason for impossibility is the difficulty of calculating the tax. Tables would have to be used.

Never heard of tax inclusive pricing? Tax rate times tax inclusive payment = amount of tax.

Furthermore, you can't read a receipt? Where the sales tax amount is recorded today, and will be required to be recorded by law under the NRST.

 

H.R.25

Fair Tax Act of 2005 (Introduced in House)
http://thomas.loc.gov/cgi-bin/query/z?c109:H.R.25:

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SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.

`(a) In General- For each purchase of taxable property or services for which a tax is imposed by section 101, the seller shall charge the tax imposed by section 101 separately from the purchase. For purchase of taxable property or services for which a tax is imposed by section 101, the seller shall provide to the purchaser a receipt for each transaction that includes--

`(1) the property or services price exclusive of tax;

`(2) the amount of tax paid;

`(3) the property or service price inclusive of tax;

`(4) the tax rate (the amount of tax paid (per paragraph (2)) divided by the property or service price inclusive of tax (per paragraph (3));

`(5) the date that the good or service was sold;

`(6) the name of the vendor; and

`(7) the vendor registration number.

[Your Nightmare]

Tax rate times tax inclusive payment = amount of tax.

LOL! But what's the inclusive payment? Try figuring it out without using the exclusive rate. That's what JSUATI was asking.

[Nice irrelevant cut & pastie, though.]

[justshutupandtakeit]

I have heard of it from the FT folks but consider it a fraud which distorts the real tax rate. Calculating an inclusive rate gets very complicated nowhere near as simple as figuring out a 8% rate or 10%.

This does not affect me since arithmetic is not a problem. But we are in an era when many can't do simple division.