Why do these threads degenerate into a 30% vs 23% argument? Can't we discuss the relative merits or downside of this proposal?
Why do these threads degenerate into a 30% vs 23% argument? Can't we discuss the relative merits or downside of this proposal?Because the merits or downsides are different if the rate (tax exclusive) is 23% or 29.87%.
As a self-employed businessman, your company purchases are tax exempt. This used to mean that you didn't have to pay that nasty old 6% state sales tax.
Now it means you don't have to pay that 36% "sales" tax. You can save 36% on that second "business" computer, and additional "business" couch, etc. by just presenting your certificate.
Don't worry about the retailer checking real close. He makes the same amount of profit whether that certificate is real or not and, quite frankly, would rather not know.
And, since the massive IRS is gone, who's going to check every little retailer?
I expect the number of small businesses to increase tenfold.
SCALEMAN wrote:
Why do these threads degenerate into a 30% vs 23% argument? Can't we discuss the relative merits or downside of this proposal?
"Why do these threads degenerate into a 30% vs 23% argument? Can't we discuss the relative merits or downside of this proposal?"
That isn't an accident, Scaleman. The guardians of the status quo LOVE to avoid more substantive discussion, for obvious reasons.