I have posted several times the studies that show the impact is nil.
The cost of new materials will go down as well. I am working on a policy study to transition over three years on pricing so that the price volatility will be minimal.
Try to keep in mind that after one hundred years of the Income tax we have a society that is better quipped now to handle the FairTax through electronic networks. We should be able to advance our society forward rather than cling to a system that hurts people.
Whether it is included in the mortgage makes no difference.
The increase in monthly payments is more than offset by the increase in the paycheck.
So you are assuming workers will keep all the money so suppliers will not see those savings from the elimination of income tax? You do realize that means prices in labor, materials and supplies will not come down and will you add the sales tax on the end prices will go up?
I have posted several times the studies that show the impact is nil.
Because the study includes bogus assumptions. Unless workers take a pay cut in the amount of the income tax they use to pay, prices go up. There is no way around that.
The cost of new materials will go down as well. I am working on a policy study to transition over three years on pricing so that the price volatility will be minimal.
Good luck with that. When you get some realistic assumptions, get back to me.
New home sales will not be impacted at all. The NRST will be financed as part of the mortgage. The increase in monthly payments is more than offset by the increase in the paycheck.Interesting, mortgages are funded by appraised value, would the 30% tax on a new home increase the appraised value 30% on day one of the purchase?
What if you sold the USED home before the mortgage was paid? The tax on the full amount has already been disbursed and you still owe the lender the balance, any savvy home buyer can see they'd be upside down for a lot of years to come because of the Fairtax.