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To: Always Right
Nothing "funny" about it and there's no "admission" as you claim. The belief is still that most people will keep all their wages (less ER fica) and pre-tax prices will drop. Even your own colleagues now agree that prices will drop 9% while many FairTax supporters believe it will be a larger number.

Regardless of all that what isn't "funny" at all - but quite real - is that most taxpayers will benefit under the FairTax by having a lower effective tax rate than at present and their purchasing power will be increased also. There have been a number of comparative purchasing power examples on these threads that show his to be he case.

33 posted on 09/18/2006 2:17:23 PM PDT by pigdog
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To: pigdog
Even your own colleagues now agree that prices will drop 9% while many FairTax supporters believe

That's an untaxed price which is meaningless. Once you add the 30% tax you end up with about a 20% increase in costs. Of course you knew that, but are just being disingenuous.

41 posted on 09/18/2006 4:04:58 PM PDT by Always Right
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