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To: Phantom Lord
If you go into a store and see an item that has a price tag on it of $100, when you go to the register, it will ring up for $100.

And if you go to a store and buy $130 in your fairtax world, the receipt will say $100 for the item and $30 for the tax. Is that correct?

226 posted on 05/14/2007 8:07:23 AM PDT by Always Right
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To: Always Right
And if you go to a store and buy $130 in your fairtax world, the receipt will say $100 for the item and $30 for the tax. Is that correct?

If an item has a price tag of $100 you will pay $100 and the retailer will keep $77 and $23 will go to the NRST.

231 posted on 05/14/2007 8:45:50 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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