Bump for the NRST!
Glancing through this thread, it doesn't appear anyone has addressed the obvious positive aspects of this plan in their criticism of it. When it's all said and done, will we really be paying LESS to uncle Sam? I don't think so, but I could be wrong. But let's say that's right, and that I pay the same amount to the BLOATED government we have today, or even MORE. Like 1-5% more. Even if that's true, then....
1. I will keep, on average, (depending where they 'put me') 20-30% MORE. Now, careful here, because if you're saying something like "47, you fool, you just admitted it's going to stay the same", no I'm noooottt! Think about it. I'll still be paying the same in taxes, yes, but I'll get to KEEP MORE money. So obviously what this means is that I'll still pay the same in taxes (or maybe 1-5% more), but I'll get at LEAST 20% more in TAKE home pay.
2. What about the rise in prices for all goods, as these exorbadant taxes are imposed on all goods? (which, as far as I understand it isn't true, it's imposed on all NEW goods, not used). Even if it's true that it's all goods, then still, as Neil Boortz pointed out, market forces will drive the prices down, as the companies that are making the products WILL NO LONGER HAVE TO PAY THEIR TAXES.
What's the bottom line picture here from these two points? In the worst case scenario (where my net effective taxes go up by 1-5%), I STILL get to keep 20-30% MORE of my own money! Not only that, but after a period of time where free enterprise "works its magic", the prices for everything will be VIRTUALLY THE SAME.
That is unless one has a pessimistic, paranoid version of business, i.e, "Nah 47, all the companies will just 'agree' to keep their prices higher, even though they're not paying any taxes anymore, just to gouge us, the little guy". Yeah, ok, THAT'S a realistic view of free market enterprise. Actually, it's like I said, pretty paranoid.
As a side note, I wonder why some on here, FR of all places, are fighting the idea of getting rid of the IRS and AUDITS. Throw out everything I just said above, and concentrate on THAT. If this system does nothing else but play a shell game with our money, and, in the end, ends up making us pay ~5% more in taxes, BUT, at LEAST, eliminates the threat of AUDITS, can't we all agree that at least THAT makes it worth it?
Or are there a bunch of tax lawyers and CPA's on these NRST threads?
Or are there a bunch of tax lawyers and CPA's on these NRST threads?
You left out Tax Protesters that think they have created a haven for themselves from the current tax laws and suspect their cash economy livings might actually have to compete on a level field with legitimate business when income/payroll taxes are repealed.
Heck they might even have to pay some tax once in a while for the goodies they want from the mainstream.