[RobFromGa]

First of all Rob the tax wouldn't affect Real Estate, because it probably would be exempt from sales taxes as it is now. Things such as Property, vehicles (in most states), and other "real" property is assessed sales taxes and wouldn't fall under consumer goods taxed under the fait tax, I would hope.

This is wrong. These things are all taxed under the FairTax.

Also, your assumption of an 8% price drop, IMO, is quite conservative. The price drop could actually be more like 15-20% with the removal of many business related taxes, and the increase in consumption that will occur due to individuals having more money to spend.

I, and others, have come up with the 8% number looking at all places where businesses will save money. The main areas included in this number are the employer half FICA, corporate profit tax, and compliance costs. Your contention that it coulf be 15-20% is not based on reality, just your wishful thinking. And, people having "more mony to spend" will not lead to any reduction in prices but the opposite. And higher prices will stifle consumption.

[phoenix0468]

No Rob they wouldn't. Where do you get the idea that a tax on consumer goods would include real property? Real porperty has never and never will fall under consumer goods related taxes. If you are so sure, please show me in the provisions of the Fair Tax where real property would be included.