1. Taxes are paid by the consumer. Jorgenson embedded tax model. Prices after the fairtax stay the same. Businesses and employees make current after tax income.
2. Taxes are paid by the businesses/workers. Prices go up after the fairtax is enacted. Workers and employees keep their current gross income.
Once you stick completely to one of those assumptions, then you will do a fair analysis and reach the correct conclusion. Otherwise, enjoy your time in fairyland.
For an ACCURATE analysis one has to assume either the person who remits the tax pays the tax OR that all these taxes are embedded.
I did that. I assumed that business remits and pays ER payroll and business income tax and that individuals remit and pay PIT and EE payroll - just as you required.
Why don't you admit you're wrong? It doesn't mean you support the nrst. It just means the nrst will indeed allow those who currently legally particpate in the income tax system to pay less... because criminals and illegals will pay more.
It's just one small piece AR. Don't become a namecaller - just do what's right.
...it is impossible to get through to you.
Coming from you, of all people, THAT is hysterically funny.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA