Josh Gregg's Blog – July 2009 Archive (2)

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

Regarding the meeting on july 23rd, I have compiled a list of numbers for myself to contact and invite to the fair tax meeting. I encourage you all to contact the richland county republicans, the shelby, ohio club democratand the richland county democrats and give them a reason on why they should hear about the fair tax. I eed as much help as I can get.