[Always Right]

Besides the 23% rate still assumes a 100% compliance rate. They just take the total taxes replaced add in their tax credit and divide that by total consumption. To hang their hat on the 23% rate is just plain silly and dishonest.

[lewislynn]

To hang their hat on the 23% rate is just plain silly and dishonest.

Truthfully, have you ever run across a more dishonest bunch? Dishonesty is their forte.

[lewislynn]

BTW, in your #1 example you give them way too much credit. The rate wouldn't be 37% it would be 39%.

The fairtax taxes the "gross payment" A 7% state sales tax would also be taxed in the "gross payment".

$1.00 plus 7% state = $1.07 plus 29.87% "gross payment" tax = $1.39 or 39% total.

Making the "fairtax" 32% tax exclusive not 29.87%...