All Blog Posts Tagged 'rate' (2)

FairTaxers, how many times have you been asked by someone you are talking to about the FairTax, "What would my FairTax rate be?" I get it a lot. That's why I created the FairTax Rate and Real Dollar Calculator. It's a Flash web-widget that can be embedded on any site that you control (I.e. that will allow either "embed" or "object" code).

The calculator asks for just three inputs — 1) How many adults are in your home, 2) How many children are in your home, and 3) What is your family's…

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Question: I did some math. We believe that there is an embedded cost of 22% in the cost of everything that we buy. That means that by enacting the fair tax a $100 item would cost around $78. A Sales tax rate of 23% of that 78$ would leave the final price at $95.94. Thats a $4.06 drop in price even with the fair tax. Am I wrong?



This is an example used to explain the 23% tomato or 30% tomato. I did the math and here is the controversy. If you divide 77 dollars by 23 you get a round… Continue