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To: TLittlefella

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.


19 posted on 10/19/2011 11:36:03 AM PDT by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: listenhillary

My not so perfect understanding of 999 - You have a 9% VAT tax as part of it. Consequently - every time something is sold there is a 9% tax included. So I believe successive buyers are going to pay a VAT again.

Am I wrong in my understanding folks?


83 posted on 10/19/2011 3:09:01 PM PDT by fremont_steve
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