Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: cowboyway
Oops. I made a mistake.

If the lawyer buys that BMW today, he pays $11,500 in hidden taxes. Under the Fair Tax he would buy the BMW as a business expense and pay nothing.

989 posted on 09/09/2006 9:44:54 AM PDT by robertpaulsen
[ Post Reply | Private Reply | To 934 | View Replies ]


To: robertpaulsen
Good point.

Here is how Boortz explains it:

Some of you reading this amplification of the principle's of the FairTax may have come to a rather interesting and accurate conclusion. The reality is that in America we're already operating our federal government off a consumption tax. A convoluted and impossible to understand consumption tax, but consumption tax nonetheless. We say this because ultimately all taxes paid by businesses or individuals eventually make their way through our economic system until they are embedded in the cost of some consumer item or service. In other words, taxes, like that other stuff you've heard about, roll down hill. At the bottom of that hill we find the retail sale and you, the ultimate consumer.

990 posted on 09/09/2006 9:46:34 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
[ Post Reply | Private Reply | To 989 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson