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 ...
Wrong. Anyone liable for remitting tax can be audited. Consumers pay the tax, retailers remit the tax.
Looking for reasons that don't exist to reject this?
All items previously sold, prior too the enactment of the tax, are considered previously-taxed. The transition plan allows for an inventory credit for unsold goods as well.
Land is considered previously taxed. New home construction or existing home improvement is taxable, but the land it is on is not.
That's a whole lot of paper!
You pay taxes on the money you used to buy the house (incoem, payroll atxes). The financier pays taxes on their profits, the construction company pays taxes on their profits, even your interest rate is inflated by about 30% because of taxes (check out tax-free vs. taxable bonds to see this in action today).
Just because there's no line-item at closing that says "tax" doesn't mean that theere are no taxes involved...
No. If the car was produced during the income tax, it had tax already built into its price - it has already been taxed.
If you are liable for the tax, you better have reciepts. It doesn't matter if you are the consumer or whatever. The bill is crystal clear!
`SEC. 506. BURDEN OF PERSUASION AND BURDEN OF PRODUCTION. `In all disputes concerning taxes imposed by this subtitle, the person engaged in a dispute with the sales tax administering authority or the Secretary, as the case may be, shall have the burden of production of documents and records but the sales tax administering authority or the Secretary shall have the burden of persuasion.
Show me your papers! There is no other way to read this. There is even a toll free line to call the feds up to sick on your friends.
`(d) Telephone Reporting of Violations- The Secretary shall establish a system under which a violation of this subtitle can be brought to the attention of the sales tax administering authority for investigation through the use of a toll-free telephone number and otherwise.
EGADS no! That would be what we do now!!!!
Consumers don't have to keep records under the nrst.
No, that would be our income tax you're thinking of.
Really - it's business that has to produce - they're the only ones who remit to the taxing authority - if they fail to make you pay your tax, they'll still have to pay it to the tax authority.
Look for yourself. Remit vs pay is your mix up.
You are reading more into that than is there. Chapter 5 specifically refers to those "liable to collect and remit the tax", not to individuals making normal retail transactions. Any subsections to Chapter 5 are within the context of those required to file monthly reports (i.e., retail businesses and special cases, not individuals involved in ordinary retail activity).
Yes, and there are lots of instances where the consumer is liable for remitting the tax, including buying stuff off the internet on overseas purchases, or (gasp!) black market purchases, or mowing your neighbors yard. Consumers have the burdon of producing papers just like businesses. The bill can not be any clearer on this then it is. Show me your papers!
The price of the good includes the costs of light bills, wages, copier leases, and every other cost incurred by the business - including tax costs. These tax costs travel from the beginning of the production chain to the consumer. Those taxes are the taxes paid on goods today. That's also the reason that goods produced under the income tax are already taxed.
I am sorry, but you are wrong here. There is no other way to read the bill. 'In all disputes', not in business disputes. "In all disputes".
`SEC. 506. BURDEN OF PERSUASION AND BURDEN OF PRODUCTION. `In all disputes concerning taxes imposed by this subtitle, the person engaged in a dispute with the sales tax administering authority or the Secretary, as the case may be, shall have the burden of production of documents and records but the sales tax administering authority or the Secretary shall have the burden of persuasion.
No matter how clear it is, there is not one NRSTer who is honest enough to admit what the bill clearly says.
Yes you better keep reciepts on all your new items for a period of 6 years. It is your burden according to the bill.
No one is denying that the bill says that. However, what you seem to be denying is that you have the context of that section incorrect -- it is only in reference to those already required to file reports, not to everyday retail purchases. In other words, depite your claim, John Doe does not have to produce receipts for his purchases.
Incorrect. See above.
You're kidding, right? You think you'd need an accountant to determine:
How often will it happen that an individual does not purchase the necessities of life? Maybe buy-up one month to save the next month - but that means they paid last month.About 35 million people in 2003.
No, the requirement to produce records in context says, "`In all disputes concerning taxes imposed by this subtitle, the person engaged in a dispute with the sales tax administering authority or the Secretary, as the case may be, shall have the burden of production of documents and records but the sales tax administering authority or the Secretary shall have the burden of persuasion." This doesn't say only those who are required to file reports, this say "In all disputes concerning taxes imposed". Geez.
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