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To: Lancey Howard

The elimination of corporate taxes can only happen if the tax system itself is changed. The most fair tax is a sales tax with zero other taxes.

Everyone would pay for what they buy from me to you to the hardware up the road to the corporation in the big city.

If you buy it, then you pay the sales tax on it. Will that get passed on in prices? Yes.

The bottom line is what this article says. There will be so many opposed that it won’t happen for quite a while, if at all.


17 posted on 09/04/2011 3:28:36 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: xzins
The most fair tax is a sales tax with zero other taxes.

It would also be the most economically effective.

With no taxes on work, capital or production, this country would become a magnet for business development. And though the tax would probably be in the 25% range, pre-tax prices on goods would drop dramatically absent the current taxes.

Anti-capitalists will claim that would never happen -- but competition would force it.

20 posted on 09/04/2011 3:57:34 AM PDT by BfloGuy (Keynesians take the stand that the best way to sober up is more booze.)
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