Quote:
Originally Posted by BlueStreak
Yep, I have seen the "National Sales Tax" idea presented a number of times, but, always without numbers. I'm thinking that in lieu of any other tax, it would end up being "pretty hefty" as well. And steeply inflationary, in the short term. Think everything is high now, slap a ~20-25% sales tax on it.
Dave
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The embedded taxes would disappear on products, lowering the prices. The merchants would be compelled by market forces to lower their prices as well. The Fair tax would then be added at time of purchase. The net change would be very small.