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To: FreedomCalls
Perhaps you people have a hard time understanding this because you have no savings -- but I do. It's already been taxed and now you want to tax it again when I spend it.

It is you who is pretending not to understand.

Savings, whether taxed under the income tax or the NRST, are treated the same with respect to fed income tax costs tax at the counter.

Under the income tax, you'll pay 22% in federal tax costs on every good and you'll pay 25% in federal tax costs on services. Under the NRST you'll pay 23% on items for retail consumption and services.

You're just pretending not to understand this fundamental concept - and beginning to look, well.... you're pretending.

214 posted on 11/03/2004 4:57:09 PM PST by Principled
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To: Principled
Under the income tax, you'll pay 22% in federal tax costs on every good and you'll pay 25% in federal tax costs on services. Under the NRST you'll pay 23% on items for retail consumption and services.

I have ALREADY PAID the "22% in federal tax costs on every good and ... 25% in federal tax costs on services" on my savings!! Now you want me to pay an ADDITIONAL "23% on items for retail consumption and services" under the NRST.

Why will you not address this very important point? I'm not talking about any future earnings. I'm specifically addressing my PRESENT savings which I would spend in the FUTURE under the NRST. You want me to pay both inthe transition period.

216 posted on 11/03/2004 5:04:28 PM PST by FreedomCalls (It's a joke, people!)
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