The take home pay AMOUNT might "remain exactly the same" but the AMOUNT is BEFORE tax, not after tax.True, but you left out the last half of my equation: What about “You would be "ripped off" by your employer only if you assume no price reduction on goods and services”. Your response to that is:
Most all products are produced in foreign countries or the materials for their production areMany products are produced in foreign countries but many foreign corporations make products here now. Toyota and Honda are two of the big ones. They are here because they save money. Eliminating the corporate/income/payroll tax burden would encourage more investment in our country. You also fail to mention the service economy. Most services performed in America are by American citizens. If you need a lawyer, I doubt you would go abroad to find one. And as to
Is the discussion income taxes or a hypothetical sales tax? "The current system" actually exists, the sales tax is hypothetical, wishful thinking, lies and conjecture. If you have a real life example, (not one you made up) of your what if, you can post it and we'll discuss it...Increases in payroll and income tax withholdings have happened and will have to continue to currently fund promised benefits. It is not a hypothetical
products are produced in foreign countries but many foreign corporations make products here now. Toyota and Honda are two of the big ones. They are here because they save money.HMMM.
You also fail to mention the service economy. Most services performed in America are by American citizens. If you need a lawyer, I doubt you would go abroad to find one.I don't recall mentioning any industry but since you brought it up what part of a lawyer's service would be cut?...His/her gross Income?
BTW, my business (over 20yrs) happens to be a service business.
Increases in payroll and income tax withholdings have happened and will have to continue to currently fund promised benefits.It is not a hypotheticalI guess you didn't hear about the Bush tax cuts.
How would a sales tax end funding "promised benefits"?