So, when your write Prices will not fall by the equivalent amount of the FT rate. They will tend to fall around 10-15% after the removal of corporate taxes, corporate payroll tax and compliance. Gross pay goes up by 20% [I assume you mean take home pay, not gross pay] and prices go up by about the same amount after the consumption tax is levied. you admit you just made it up.
Can you prove that corporate income taxes (61% of US corporations pay no income taxes) and compliance costs along with the employer's share of payroll taxes add up to 10-15% of retail prices?
The bill says that income and payroll taxes are repealed, not that they are added to the employee's take home pay. Boortz and Linder say your employer will make the decision when the time comes and that that decision could well result in take home pay remaining the same after the FairTax as it was before.
Again, the FairTax promise of making US products more competitive in the global market depends on US worker's receiving less overall pay.
No I can't. And you can't prove that it doesn't. That is why I use a range. 7.65% of payroll is the place to start.
Again, the FairTax promise of making US products more competitive in the global market depends on US worker's receiving less overall pay.
Only in Boortz's mind.