To: Your Nightmare
You've heard of the EU right? VAT hasn't exactly been a good thing there....
No offense but I thought that no one with half a brain would want a VAT.....
FICA is deducted from your gross pay. If FICA is no longer deducted then how could you not take home your gross? I'm pretty sure that people would notice if there were no more federal taxes and yet their pay check didn't change...just a guess mind you. Is it that you believe that there are no embedded taxes or that you don't believe in the free market/competition (in terms of the price reduction)
1,053 posted on
02/01/2005 3:15:46 PM PST by
socialismisinsidious
("A government that is big enough to give you all you want is big enough to take it all away.")
To: socialismisinsidious
You've heard of the EU right? VAT hasn't exactly been a good thing there....
Says who?
No offense but I thought that no one with half a brain would want a VAT.....
Then you thought wrong. Economically, a credit-invoice VAT is no different than a NRST. And because it loses less revenue to evasion, can be implemented with a lower rate, increasing the economic benefits.
To: socialismisinsidious
Is it that you believe that there are no embedded taxes or that you don't believe in the free market/competition (in terms of the price reduction)
Any "embedded taxes" in prices is nowhere near 20-30% of prices unless you include the employee's payroll and income taxes.
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