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To: Phantom Lord
You get to keep 100% of your check (minus state withholdings).

Why the state withholding? Would the NRST knock out state sales taxes and so state withholding would be the only means of financing state government? Or do you mean that the NRST is just to replace any and all of the current Fed tax system?

I'm asking this very seriously, because now I'm a bit confused.

278 posted on 01/31/2005 9:05:02 AM PST by Gabz (Anti-smoker gnatzies...small minds buzzing in your business..............SWAT'EM)
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To: Gabz
Why the state withholding? Would the NRST knock out state sales taxes and so state withholding would be the only means of financing state government? Or do you mean that the NRST is just to replace any and all of the current Fed tax system?

The NRST is a federal tax, replacing only federal taxes. If a state still wishes to continue with a state income tax (which would be a bit more difficult without the federal IRS to piggy-back off of), they are free to do so.

Of course, without the infrastructure for income reporting the IRS provides, the states may choose to either replace or dramatically simplify income taxes.

286 posted on 01/31/2005 9:10:14 AM PST by kevkrom (If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
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To: Gabz

The NRST would be the only federal tax so your pay check would have no federal withholdings. State tax withholdings and state tax laws would remain unchanged.


348 posted on 01/31/2005 9:41:12 AM PST by Phantom Lord (Advantages are taken, not handed out)
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