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To: numberonepal

Actually, no, I saved after-tax income. A consumption tax on that money is double taxation. I already paid taxes on it.


154 posted on 11/03/2004 12:58:31 PM PST by RKV ( He who has the guns, makes the rules)
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To: RKV
Let's say, for example, your after tax saving is $100,000, You buy five cars at $20,000 each. Hidden within each car are hidden taxes amounting to roughly $4,500 each. Five times $4,500 is $22,500. Under the income tax you've been taxed twice.

Under the NRST, because all hidden taxes are eliminated the price of each car is $15,500. You'd pay a total $77,500 for the five cars. Plus pay $22,500 for the NRST.. 

Regardless of which tax scheme you use you get the five cars for $100,000 and are double taxed on that. Keep in mind that the NRST eliminates all federal income tax so the money you save will be pre-tax.

167 posted on 11/03/2004 1:11:57 PM PST by Zon
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