Yes. That is one of the things I like about HR 25. Folks would have to pull green money out of their pocket everyday to pay for the government. ON every receipt it would say "Federal Tax 23%". That portion of the price represents one's full tax burden. We'd feel it and feel it good everyday.
"Yes. That is one of the things I like about HR 25. Folks would have to pull green money out of their pocket everyday to pay for the government. ON every receipt it would say "Federal Tax 23%". That portion of the price represents one's full tax burden. We'd feel it and feel it good everyday."
I don't think the practical effect would be significant. NRST is too much like witholding. Every pay check lists federal witholding and FICA. Ask some one how much they made last week and the most likely answer is not their gross but their net income. IOW, they don't pay attention to the witholds only the nets. I would think the chances are great that the same thing would happen under NRST. Asking some one what they paid for an item would get the net answer and not the actual price of the item.