I looked at what I spend in a retail sense, and I see what the "fair tax" people are proposing as a sales tax percentage, and I lose money! I would pay more tax than I do to the stinking IRS! That makes me AGAINST a federal sales tax! Heck, if I could keep one year's IRS money for myself, I would be debt-free except for my house payment.
I couldn't agree more that the income tax as it is cannot be justified or defended and needs to go away, along with the IRS, but the sales tax proposals I've seen take more from me more than the IRS currently does, so I CANNOT support it!!!
Are you factoring in the reduction in pre-tax price due to the lower tax burden on producers?
look closer....your pay check will increase 7.65% due to no more ss deduction....add another 15-20% in income tax deductions and your already at 22 -28% increase in take home pay. I own a business with 20 employees and i can GUARANTEE retail prices will fall as well. See.....I match that 7.65% SS deduction not to mention corporate income taxes my business pays. Sure businesses would try to keep the windfall but a free market will guarantee that prices will level out below where they are now......
You will be FAR BETTER OFF with the NSRT.....