As with any home purchase, you factor taxes into the cost. Be smart, don’t be dazzled by sparkly new things.
Was this post written by the Romney Campaign Committee?
Guess you missed the fact that this replaces the current corrupt failed system, it does not add to it.
zzzzz
And therein lies the problem with the current tax code. Why should married couples pay less in taxes than a single person? Why does the single person get punished? I pay $4000 per year more in federal income taxes than a married couple simply because I am single. That ain't right!
Wow congratulations, you managed to post a whole rant and not get even 1 single fact correct!
I watched that “flip/flop” video. It gives such short snippets of what was said in so many cases, with so little (or no) context as to be completely without merit. It’s laughable.
The Perry plan...
http://www.weeklystandard.com/blogs/perry-commits-flat-tax-reforming-entitlements_598305.html
No surpise, typical Romney campaign tactics. Romney pays his campaign-bots to deny all ties to Romney while recklessly trash talking his competitor. He has done it in every single race he has ever been in.
You would think with all his money Romney could hire better campaign bots then those who's best effort is this emotional ridden hysteric trash talk.
Ooops, you caught me picking my nose.
I know this has been pointed out to you numerous times, but surely you realize that $200,000 price on the house has built into it all the hidden taxes the builder paid during construction plus their profit.
So, you could be paying $16,200 sales tax on the same exact house that now costs only $180,000 assuming only a 10% decrease in retail price even though many studies show the tax burden on products is as much as 40%.
You repeatedly ignore COGS (Cost Of Goods Sold), but I can tell you this, businesses don't ignore it. You assume that all retail sales entities will conspire to not drop prices based on their lower COGS. You assume no business will lower prices to make a market share play. Yet, in reality, businesses do this all the time.
People just gobble it up without thinking....the one day sale....that makes you jump on the bandwagon. I thought freepers were smarter than that.
I’m not a 999 expert. Under the fair tax, the tax is paid by the original purchaser of a new house. Pre-owned houses do not pay a sales tax.
The builder, suppliers, manufacturers all have their taxes lowered. Competition will drive the new house prices down when these embedded costs are removed. You were already paying the tax that was a cost of doing business for the builder. Now it is up front and visible.
Moving at least part of the tax burden from an income tax on production onto a sales tax on new goods would be one of the best possible things we could do for the middle class.
The middle class in this country is dying.
Our manufacturing industry which used to provide the foundation of the economy for the middle class has fled to more hospitable lands.
The 9-9-9 plan dramatically reorients the incentives in the economy away from service jobs and back to capital-intensive production of goods and places part of the tax burden onto goods produced by foreign businesses.
Without something this dramatic, there is really little hope of changing the future prospects of the middle class in this country.
Anyone who has spent more than one day in Europe knows what a VAT does. Consider this VATS in Norway, Denmark, Sweden – 25%. Top tax rates in those countries are about 60% on anything over, about, 70k a year. Add ‘em together – and you’ll understand why a 10 pack of Coke costs $10 or a McD’s Value Meal is $15.
As part of being a responsible spender of my money I always buy used houses and used vehicles.
Also I buy used because the insurance rates are less epxensive as well.
And i don;t mind paying 9% sales tax on food if the food prices are lower and if the EBT queen is making the government pay itself back on food stamp purchases.
Boo freekin’ hoo....
I understand that there is an “occassional sales rule” exemption to the sales tax, just like in most state sales taxes.
That is, if you are not a retail business or otherwise don’t routinely make money by selling things, the tax does not apply.
I think the standard rule is no sales tax on:
(1) two sales in a rolling 12 month period;
(2) sales of the assets of a company or a division of a company.
So a house, for example, would not be subject to a sales tax.
Similarly, a food and clothing up to a certain dollar amount would not have a tax.
Cain made a mistake by promoting a specific simplification plan. The 9-9-9 plan is a balanced plan between personal income tax, business taxes, and consumption taxes. Other approaches are the Fair Tax (all sales tax) and Flat Tax (all income tax). I am not sure which plan is preferred. All would be preferred to the mess that we have now unless you are a member of the tax freeloading group. He should emphasize the principles of tax reform (simplification, non politicization, transparency, and others) as a vital element of economic revitalzation.
I find it distasteful the attacks on Republican candidates by other Republicans. I will support the Republican nominee and not speak ill of any candidate (except Ron Paul). Conservatives will not win unless we are unified.