Take a family of four making $35,000 per year. They would get a $3600 "prebate" from the federal government, plus they pay no FICA or Income Taxes. Under the current system, they pay a total of $8500 including income taxes and Total FICA... (this includes the employer's share - the hidden tax people don't see.) ...

This means, under the current system, they have a net of $26,500 to spend on the family. To keep this simple, I won't put State and local taxes into the equation.

Under the National Sales Tax system, let's say they spend the entire $26,500 ... They would have a tax bill of $6095 ... or they would spend $32,595. When you add the household $3600 "prebate", they made a total of $38,600. This family would have ($38,600 - $32,595) $6005 MORE in REAL NET income.

NOW ... Take a "superrich" individual who sold his DotCom biz in 2000 for $100 million, and has $50 million in Tax Free muni-bonds paying 7% (WE cannot get this yield, but Mark Cuban can, bless his heart) ... Today, that person pays NOTHING in taxes on $3.5 million in income. NOW... if he spends $3,000,000 on yachts and Ferraris, he pays $690,000 in taxes...

Yes, It is a Flat 23% rate, with each household receiving a $3600 "prebate" ... and there is already a bill pending in Congress.