LL: Only when I buy their products/services...I like it that way.
That's just how the nrst works.
GM is reporting losses. How much of their income tax will be "imbedded" ...
The income tax itself is only a part of costs that result from the income tax system. The way you say it, GM had no accounting costs whatsoever in their determination of profits, expenses, etc. While they may pay no income tax proper this year, they have huge expenses related to their position. They also have employer payroll taxes which are rolled into prices or deducted from already existing reserves from previous sales revenue (ie prices).
Beyond that, business that consistently lose money will die.
That you refuse to acknowledge that prices are inflated by taxes and tax costs is the clearest indicator of your disingenuousness.
The nrst HR 25 eliminates those taxes and 90+% of the tax costs and replaces them with a single, visible sales tax at purchase.
Kick around here for 4 or 5 minutes.
That's just how the nrst works.No it doesn't.There likeley won't be any "imbedded" income tax in GM's products this year. It replaces ALL (including GM's) income taxes in every dime spent.
They also have employer payroll taxes which are rolled into pricesWon't employee's get 100% of their wage?...How is that a savings?
Beyond that, business that consistently lose money will die.Unlike your plan for retail and services, they also won't owe any taxes when they're losing money.