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<blockquote data-quote="1timepu" data-source="post: 253750" data-attributes="member: 28"><p>The rate would be around %15 if passed, A flat tax is different as it still leaves loop holes, and it doesnt eliminate double taxing. The exemption under the Fair tax which everybody is entitled is for the products that shouldnt be taxed like groceries and clothes, that money you get should go to those things, but you can spend it anyway you want, but remember if you chose to not spend it on Groceries or clothes then you will incur a tax on the other products, also let me remind you there will be no State sales tax no more property taxes, just a flat %15 consumption tax, the reasoning for the low rate is that now EVRYBODY pays even the criminals, as far as embedded taxes and companys not lowering the price......remember this is a free market and is driven by consumer demand, if one company wants to get ahead they will drop the price accordingly, and everybody will follow suit, it is a bueatiful thing this free market</p></blockquote><p></p>
[QUOTE="1timepu, post: 253750, member: 28"] The rate would be around %15 if passed, A flat tax is different as it still leaves loop holes, and it doesnt eliminate double taxing. The exemption under the Fair tax which everybody is entitled is for the products that shouldnt be taxed like groceries and clothes, that money you get should go to those things, but you can spend it anyway you want, but remember if you chose to not spend it on Groceries or clothes then you will incur a tax on the other products, also let me remind you there will be no State sales tax no more property taxes, just a flat %15 consumption tax, the reasoning for the low rate is that now EVRYBODY pays even the criminals, as far as embedded taxes and companys not lowering the price......remember this is a free market and is driven by consumer demand, if one company wants to get ahead they will drop the price accordingly, and everybody will follow suit, it is a bueatiful thing this free market [/QUOTE]
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