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To: el_texicano
If people knew the amount of taxes they were paying that was already a part of the goods they buy, then you would have more people demanding fiscal responsibility. It's a liberal's nightmare and they would fight this to the death. Plus, the tax rate would come down as goods and services adjust their product retail prices. Businesses will be unshackled and this economy would take off like a rocket. End result would be even more money in the federal coffers.

I'll admit I haven't studied this as deeply as many others but this logic doesn't make total sense to me. We already have this form of taxation in such things as excise taxes and fuel taxes. I don't see these as "growing the economy". Changing the form of tax without changing the amount of dollars collected would do little to free up the economy to grow. It's bait and switch at the highest level.

A can of soup that costs $1 at the store will now cost $1.30. I'm still paying taxes just in smaller increments many more times. Other than not paying $125 to get my taxes done at the end of the year, what has the average consumer saved?

73 posted on 08/02/2004 7:35:03 AM PDT by scubadan (De oppresso liber)
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To: scubadan
Your response is based on an assumption that business will not pass on the savings it receives (from tax elimination) to you the consumer.

Competition in this country drives the pricing. If a business can get more sales by offering a cheaper product they will...it's just a normal course of action.

Just think, if corporations, businesses can eliminate the huge cost of doing business from payroll taxes (to some degree), if they don't have to pay the huge corporate taxes (less lawyers employed to figure out the fine print), if things were simplified and allowed them to do what they do best, everyone benefits. More research and development, faster inovation, more people employed, higher income, more disposable income, more consumption, more taxes collected. Yeah, sounds like trickle down economics, Reaganomics...but it works.

The whole system of income tax as it sits today is geared to punish achievement by business people. Remove the punishment, and everyone will benefit. Remove the victim mentality, empower people to succeed and the economy would know no bounds.

This to a greater or lessor degree is a supply and demand economy.

76 posted on 08/02/2004 7:55:43 AM PDT by el_texicano (Liberals are the real Mind-Numbed Robots - No Brains, No Guts, No Character...Just hate)
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To: scubadan
A can of soup that costs $1 at the store will now cost $1.30. I'm still paying taxes just in smaller increments many more times. Other than not paying $125 to get my taxes done at the end of the year, what has the average consumer saved?

If you are currently paying $1.00 for the can of soup, the hidden taxes in the $1.00 are probably about $.37. Every minute of labor involved in the creation of the soup and its contents, the manufacture of the can, all the way back to the mining of the metal, transportation of all parts and the final product, stocking the shelves, and ringing up the sale -- every dollar of labor involved is taxed, and the cost of those taxes are cumulative in the final cost of the product.

Currently, the price of foreign-produced goods only includes the income taxes on the last stages of transportation and sales labor. This puts American-produced products at a great disadvantage against foreign products.

The NRST would for the first time partially spread the burden of taxation to foreign merchants who wish to exploit our consumer market and to illegal immigrants who totally evade the income tax today.

The current Income Tax is a tariff against American labor and American-produced goods and services.

123 posted on 08/02/2004 11:07:49 AM PDT by meadsjn
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