Posted on 08/26/2004 11:05:33 PM PDT by n-tres-ted
Then how do you know how much it is or that it's even there.
Since you think you do know where and how much it is, do what no one else can, demonstrate, not explain, how it works...
But the single mother of two would receive the prebate of her sales taxes, so would pay no payroll taxes and no sales tax. She would be far better off than now.
No. It retains all of its value.
Fair tax on savings
Fair Tax FAQ
Check 'em out. They're quick and to the point. Come back w/ questions...:0)
"23% is way too high for a blasted sales tax anyway."
I agree, as well as just under half the American population. However, I also see this as a great way to open the eyes of the moochers. Once they see what their greed costs us all, they may just come over to our side to reduce the size of the Fed!
Because the prebate is the mechanism that relieves poor people of the burden of paying payroll taxes or sales taxes before they are allowed to feed themselves and their families. "Regressive" has always been the main line of defense against the sales tax as a replacement for the income tax; but no more!
Competition will prevent this. If you don't think competition will force pricecs down and wages up in an amount corresponding to the eliminated costs, then how do you explain today's pricing and wages being competitive?
Much easier to catch co-ops than the many tax cheats and the cash economy we have now.
Not sure. In Ca, we already pay 8.25% sales tax which would make the rate 28.5% to 31.5%. Would not be a savings to me.
I paid as much as 50% of all my pay to the government most of my working life, and now that I'm ready to retire and spend whats left, they will no longer tax earnings, but spending.
Yeah, this thing will look real good to folks in my situation.
"I wonder what the answer would have been if the sales tax were 18% and an across the board tariff on foreign durable goods of 5% were in place, 30% for Communist countries if we trade at all."
Now, that looks like a reasonable way to address these issues. Thanks for the insight......
No - it made it constitutional to tax income they way we do it. The 16th is not what allows our income tax... it only allows it not to be apportioned IIRC.
Competition is the reality of life for all businesses, and particularly for small ones that enjoy no monopoly. Competition will take care of prices, and the savings on compliance alone will be the economic equivalent of ten major tax cuts all rolled into one.
I disagree.
First, this guy is a talk-radio guy. He doesn't have anything to do w/ AFFT. A talk-radio host's errors/misunderstandings say no more about the credibility of AFFT than it says about your credibility.
If the companies didn't drop their prices, the doors would be wide open for me to start a company that could offer competitive products for lower prices. The market would adjust as quickly as new companies could begin operation. That would vary from industry to industry, but it would happen over time.....
Retail prices always go up. People get used to valuing goods a certain way and don't flinch at slight increases. Retail prices only seem to go down for obsolete products or products on the verge of obsolescence.I simply can't envision retail prices dropping on the order of 20% across the board due to nothing other than manufacturer or producer benevolence. I simply don't think producers or manufacturers will pass any savings on through to consumers: I think they'll pocket the difference. If I were a businessperson, I sure as hell would. You're not in business to be a great guy; you're in business to make money.
Better rethink and adjust your math calculations. The major economists who have studied this predict lower prices for such goods, not higher ones.
How about that self employed artist? Does he have to collect and remit 30% of his/her income when he receives payment for someone's appreciation of his talent?...I thought so.
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