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To: Total Package
Be self-employed for a year then you will know the answer.

I'm self-employed for over 20 yrs and here's your answer:

I'd have to raise the price of my services 30% to cover the tax...Why would I lower my service price knowing I have yet to pay tax on any money I choose to, or even have to spend?

If I lower my service price equal to what my income taxes were, what happens when I pay the new federal tax on what I spend?...I lose.

I'll reduce my income when you agree to reduce yours.

50 posted on 09/19/2004 7:35:25 AM PDT by lewislynn (Why do the same people who think "free trade" is the answer also want less foreign oil dependence?)
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To: lewislynn
If I lower my service price equal to what my income taxes were, what happens...
=====
you will collect the sales tax from the buyer - so your prices remain constant to the buyer -...

...what happens when I pay the new federal tax on what I spend?

you will be paying the same prices when you spend money -

54 posted on 09/19/2004 10:42:09 AM PDT by Chilldoubt
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To: lewislynn

"I'll reduce my income when you agree to reduce yours."

Geez, you haven't learned anything at all on these threads, have you, LL? When your costs go down .... oh, never mind. What's the use?


61 posted on 09/19/2004 2:08:05 PM PDT by phil_will1
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To: lewislynn

I was replying to "Your Nightmare". My point is yours taxes kill the self employed. The income tax needs to go to some kind of sales tax; which has its own problems.


119 posted on 09/24/2004 7:06:01 PM PDT by Total Package
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