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<blockquote data-quote="steeltoe" data-source="post: 256050" data-attributes="member: 9491"><p>That $1.00 coke now would not cost $1.00 after the fair tax. The inbedded tax would disappear. The actual cost of the coke would drop roughly $.15 cents. If the new cost is $.85 and then say a 20% sales tax added, that coke would now get brought home for $1.02. It would cost roughly $.02 more, but you bring home your entire paycheck. Another issue would be that you would receive your prebate every month, so technically this drink would not be taxed at all, unless Coke would be considered a luxury rather than a necessity of life.</p></blockquote><p></p>
[QUOTE="steeltoe, post: 256050, member: 9491"] That $1.00 coke now would not cost $1.00 after the fair tax. The inbedded tax would disappear. The actual cost of the coke would drop roughly $.15 cents. If the new cost is $.85 and then say a 20% sales tax added, that coke would now get brought home for $1.02. It would cost roughly $.02 more, but you bring home your entire paycheck. Another issue would be that you would receive your prebate every month, so technically this drink would not be taxed at all, unless Coke would be considered a luxury rather than a necessity of life. [/QUOTE]
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