I wasn't be dishonest, but you are right, a 23% reduction would do it, so I stand corrected. But still I only see 8% of hard savings and a potential for 2-4% more. That means:
100 reduced by 10% is 90
90 increased by 30% is 117
So maybe a 17% increase in prices is where we will be at, which isn't that far out of the about 20% I said.
Lets assume for simplicity that yes, the out the door price on a widget would go up 17%. Now, by what % is your take home pay going to increase?
Well I see more. Hell just eliminating the employer payroll tax is a good chunk. If you're self employed, it's twice as big a chunk. ANd it's for every link in the chain, passed up to retail.