[RobFromGa]

I'm confused, are you saying that a drop of 23% in prices is required to retain the same amount of revenue as currently collected?

No, he's saying that a drop of 23% in prices is required so that things won't cost more than they do now when the 30% FairTax is added.

[rolling_stone]

....I'm confused, are you saying that a drop of 23% in prices is required to retain the same amount of revenue as currently collected? ....

No, he's saying that a drop of 23% in prices is required so that things won't cost more than they do now when the 30% FairTax is added.

Hmm then how does the prebate affect prices? Proposed to make up taxes on poverty level spending, effectively lowering overall prices paid including tax. Or is that just a freebie? And even if prices go up some, what affect does no SS FICA income tax have on net cost? Lots of apples and oranges involved.

[pigdog]

Have you perhaps missed he point that the rate is not yet a settled amount of 23%? It may end up being something like 19%.

We should find out in the next few months.