To: Myrddin
There's still the current "hidden tax" of 20-25% extra you pay for the costs of goods and services due to the effects of the income tax. With those removed (or at least a significant portion of them removed), not being taxed on any appreciation of your assets (nor at all on your 401k), and the FCA "rebate", your effective tax rate will likely be lower under the NRST than under the income tax, unless you are spending a lot of money.
57 posted on
03/03/2005 11:23:21 AM PST by
kevkrom
(If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
To: kevkrom; Myrddin
That's nonsense. See #60,62,64. Any embedded tax money the Feds lose will be made up in a higher sales-tax rate. There's no way out unless the Feds accept less income!
66 posted on
03/03/2005 11:44:06 AM PST by
expatpat
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