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To: Extremely Extreme Extremist

"There is no imbedded taxes with the flat tax. Workers and businesses are only taxed once."

Incorrect. Profits are only taxed once. However, each level in the supply chain adds corporate income and payroll taxes to the cost which accumulates as products move up through the system. That makes US goods less competitive in the global economy than they should be.


104 posted on 05/30/2005 6:17:40 AM PDT by phil_will1
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To: phil_will1
Incorrect. Profits are only taxed once. However, each level in the supply chain adds corporate income and payroll taxes to the cost which accumulates as products move up through the system. That makes US goods less competitive in the global economy than they should be.

So a Flat Tax is an indirect VAT (value added tax) tax.

105 posted on 05/30/2005 6:23:02 AM PDT by Paul C. Jesup
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