Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: FreedomCalls
You don't understand. The feds took a 25% cut off the top of my income a portion of which I then saved and now when I spend it I will only pay a 8% state sales tax (no state income tax).

I appreciate your point of view, but the income left after tax now IS TAXED WHEN YOU SPEND IT beyond the 8% sales tax you see. You just didn't know it because it's hidden in prices. Estimates are that retail prices include 22% federal tax costs.

So you ARE already paying 22% of your after tax money in federal tax when you buy something. The nrst makes the federal tax component visible - it does't raise prices.

It's a replacement tax, not an additional tax.

130 posted on 11/03/2004 12:35:11 PM PST by Principled
[ Post Reply | Private Reply | To 125 | View Replies ]


To: Principled
it does't raise prices.

Show me an example of that.

140 posted on 11/03/2004 12:41:58 PM PST by FreedomCalls (It's a joke, people!)
[ Post Reply | Private Reply | To 130 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson