Posted on 02/13/2005 10:41:05 AM PST by nsmart
The FairTax is the non-partisan national sales tax proposal that would replace all federal income taxes. These include personal, estate, gift, self-employment, alternative minimum, capital gains, FICA, and corporate and death taxes.
(Excerpt) Read more at WWW.FAIRTAX.ORG ...
"One employee or ten zillion employee's at 7.65% is still only 7.65%...Why is that so difficult for you to grasp?"
Why is the concept of a supply chain and taxes accumulating within it so difficult for you to grasp?
Ummm, what economist in their right mind would really believe putting all the tax on consumption will be more pro-growth. I can only believe one who has been given millons of dollars to study it and say so.
When it comes to the WTO and making anti-American rulings, nothing is too ridiculous.
What imagination. Everything I stated was fact. You are incenticizing people to cheat more. A 30% tax on gross will make a lot of people become very creative.
"That's no assumption, that's a know fact. FAIR/NRST folks have paid people to post here on FreeRepublic and have feed them information to post. And I wouldn't be surprised if geezer is not getting $400-800 to post to FreeRepublic."
Can I get in on some of that?
"The fair tax will benefit import-exporters and help with our trade deficit, until the WTO rules it illegal and forces us to eliminate it on imports. That may not happen, but it would not surprise me."
When did we defer our soveriegnty (sp?) to the WTO?
"One employee or ten zillion employee's at 7.65% is still only 7.65%...Why is that so difficult for you to grasp?"
I agree, in the cases of products or services that have no supply chain. I just can't think of any instances where no supply chain exists. Can you give me an example?
"A 30% tax on gross will make a lot of people become very creative."
Isn't that the situation that we have today? Half the people/businesses pay that rate on gross earnings, what prevents them from cheating?
Please tell me you're kidding.
When we joined. They have ruled several times some of our policies were illegal and fined us into submission.
No one pays tax on their gross, they pay tax on their earning. My earnings are less than 10% of my gross, so it is a more than 10 fold change you are trying to make me swallow.
One of the many millions of people who provide services. Accountants, private nurse, lawn care, lawyer, doctors, etc.
You will have to talk to them. I am not sure who is on their payroll right now. One of them who was tragically left us.
"When we joined. They have ruled several times some of our policies were illegal and fined us into submission"
I thought of that after I posted my comment. Another discussion entirely, but we should exit that organization as we walk away from the UN.
"No one pays tax on their gross, they pay tax on their earning. My earnings are less than 10% of my gross, so it is a more than 10 fold change you are trying to make me swallow."
Actually, as an employee I pay taxes on my gross, but I am not a business with the expenses to deduct. So, yes as a business I agree with you. How would it change for you under the NRST? Isn't your business expenses exempt from the sales tax under the legislation?
If it was, I would not have a problem with this legislation. But new homes are taxed 30% just like all consumer goods. Old homes can be bought tax free. If there is one business this is gonna kill it is the housing industry, and new car sales will also be significantly impacted along with a few other big ticketed items. Seeing that 30% tax on the bill will just turn a lot of people off and they will seek alternatives.
IIRC the WTO has already ruled that such an nrst is good.
This is the exact situation we're in today. THe only difference is that under the nrst, the amount of tax will be itemized when new goods/services are consumed at retail.
Prices will be about the same - it's what folks have been paying all along. Why would that change a buying decision? It will sure make folks mad at gov't spending - that's a good thing.
"Resturants will have second cash registers that they don't report and pocket the tax Other businesses will do the same."
"What imagination. Everything I stated was fact."
Do you have a link for your "facts"?
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