What was that all about... wierd...
Hello again FinalFan.
Your argument that $23 is 30% of $77 is correct when talking about an EXCLUSIVE tax rate. This exclusive tax means that the shelf price of the item is $77 and then the effective tax rate at the sales counter is 30% or $23. You have a point if we are talking about an EXCLUSIVE tax.
However the FairTax is an INCLUSIVE tax. This means that the shelf price of $100 already includes the tax rate. It is embedded in the price of goods and services. This means that the rate is 23%. When you take the item to the sales counter NO EXTRA TAX IS ADDED as a part of the FairTax.
Using this 30% vs. 23% argument is now invalid as it has just been answered. Attempts to reuse it will result in the same response.
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