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To: Badray; RobRoy
"Presently, the cost of imbedded taxes raises prices 20 to 25%."

On domestically produced products only.

How much of what we purchase on a daily/weekly basis is imported?

643 posted on 01/31/2005 1:18:50 PM PST by robertpaulsen
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To: robertpaulsen

Presently, our goods are taxed before being sold overseas, at every level of manufacture. This represents a subsidy, by American taxpaying manufacturers (and potential American purchasers of the goods) for the benefit of foreign markets. The American taxpayer pays both the domestic taxes embedded in the manufacturing cost of exported goods, AND the foreign taxes on imported goods (embedded in the price).

How is that fair? Get rid of all except the domestic end retail sales tax, and our goods would be more competitive in price overseas.


645 posted on 01/31/2005 1:29:37 PM PST by Judith Anne (Thank you St. Jude for favors granted.)
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To: robertpaulsen

What about the taxes paid by the retailer, the trucking firm, the importer, etc.


658 posted on 01/31/2005 1:42:17 PM PST by RobRoy (I like you. You remind me of myself when I was young and stupid.)
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To: robertpaulsen

You seem to want to make it sound like a bad thing that we would regain a manufacturing base here on our soil again.

Is that what you intended?


737 posted on 01/31/2005 4:51:15 PM PST by Badray (This tag line under construction.)
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To: robertpaulsen

"How much of what we purchase on a daily/weekly basis is imported?"

Based on the trade deficit, a lot. The most recent figures that I have seen indicate that it is now up to $600 billion per year and rising fast.

That is one of the biggest benefits of the FairTax - it would favorably impact the trade deficit.


1,029 posted on 02/01/2005 1:25:07 PM PST by phil_will1
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