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To: lewislynn
$100 plus 8% state/local tax = $108 $108 plus 29.87% (federeal sales gross payment tax) = $140.26 (gross payment) or 40.26% total tax.

Why do you keep pushing this lie? The NRST does not tax taxes, and anyone who reads the bill will see that the definition of "gross payments" is the price of the item plus taxes imposed by the (amended) USC 26. State and local sales taxes are not included in that definition.

901 posted on 02/01/2005 6:31:19 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: kevkrom
anyone who reads the bill will see that the definition of "gross payments" is the price of the item plus taxes imposed
`(1) FOR 2005- In the calendar year 2005, the rate of tax is 23 percent of the gross payments for the taxable property or service.

`(5) GROSS PAYMENTS- The term `gross payments' means payments for taxable property or services, including Federal taxes imposed by this title.

Nope, the word price isn't there. the word price isn't there because their clear intent is to tax "the gross payment" not the price...

`(1) IN GENERAL- On or before the 15th day of each month, each person who is--

`(A) liable to collect and remit the tax imposed by this subtitle by reason of section 103(a), or

`(B) liable to pay tax imposed by this subtitle which is not collected pursuant to section 103(a),

shall submit to the appropriate sales tax administering authority (in a form prescribed by the Secretary) a report relating to the previous calendar month.

`(2) CONTENTS OF REPORT- The report required under paragraph (1) shall set forth--

`(A) the gross payments referred to in section 101,

`(B) the tax collected under chapter 4 in connection with such payments,

Get it yet?
926 posted on 02/01/2005 8:07:31 AM PST by lewislynn (The meaning of life can be described in one word...Grandchildren)
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