Posted on 06/10/2005 11:13:37 AM PDT by Always Right
Your video store scratching for survival will be very happy to have the higher margins -- it makes his survival that much more probable. (However, there will be competition in some areas, like fast-food, but not in others)
That's because the nrst doesn't tax any income.
One's entire tax burden is paid thru purchases at retail.
The flat tax is fine, but I don't see it as that big of a change of the current system. Personally, I would adjust the current system to lower marginal rates and simplify it by eliminating stupid rules like the alternative minimum tax and providing taxpayers with more protection from the IRS. The number one thing we need to do is reduce the size of federal government from 20% of GDP to under 15%.
What is YOUR the alternative to income tax, numbnutz..
I am doing quite well under the current system, and I consider the sales tax as an assault on my business, the home building industry. So I am mostly just anti-Sales Tax.
You deride with out an alternative.. sounds like a democrat..
LOL, right. Unlike Democrats, I love this country and enjoy what we have. I favor tweaking it not scrapping it. Going back to what Reagan did sounds good to me.
Oh, come on -- you can't have it both ways. You and your fellow FT fanatics keep telling me the buyer won't pay zny more for his goods and services. Which is it?
And you want to give them the Sales Tax??
Not a good time right now to make that assertion! LOL!
I already pay 9 percent on every retail purchase I make.
The National Sales Tax is a horrible, horrible idea drawn up from the depths of hell.
The correct answer to fiscal solvency, institute the flat tax, eliminate all deductions, and start trimming some federal departments.
Sales Tax revenue is unreliable, in times of economic boom, you're doing great, but as every state in this country has recently found out, the minute sales come to a halt, your revenue comes to a halt too.
Notice that when state's have sales tax holidays, the stores get more crowded then they do on the day after Thanksgiving. People will knowingly level off spending during the year, just so they can pig out on the holiday, or, get one over on the government.
Oh, come on -- you can't have it both ways. You and your fellow FT fanatics keep telling me the buyer won't pay any more for his goods and services. Which is it?
Taxes are never eliminated. Added to and expanded, yes. But never replaced or eliminated.
H.R.25Fair Tax Act of 2005 (Introduced in House)
TITLE I--REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES
TITLE II--SALES TAX ENACTED
TITLE III--OTHER MATTERS
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If you think that Blockbuster and Hollywood Video and the others are not currently trying to increase their market share over their competitors currently and would continue to do so you are living in fantasy land.
They're down about 10 cents over the last month in my area of Houston, YMMV. The point is, competition forces sellers to cut prices whenever they can, even for something as necessary as gas.
In some markets, that may be true, in others not -- it depends on market elasticity. If he has to drop the price 20% to get 10% more volume, guess what a rational businessman is going to do?
I am amazed at the stupidity of those who think the method of taxation has nothing to do with the level of spending.
Withholding. Tax costs hidden in prices. Different rates for different people.... all contribute to the gov'ts ability to raise taxes without much resistance... and if they can raise taxes, they'll spend them on vote buying schemes.
But if witholding were gone and we had to pay taxes with cash out of our pockets, would it increase resistance to higher taxes? Of course - i'd even say it would put downward pressure on taxes.
If there were no taxes hidden in prices - if the amount of tax in prices was clearly labeled on every receipt, would it create more resistance to increasing taxes? Of course - i'd even say it would put downward pressure on taxes.
If we all paid the same rate, would an increase to everyone cause more resistance than an increase on a segment? Of course.'d even say it would put downward pressure on taxes.
Changing the method of collection has everything to do with spending control.
Again, as I have pointed out many times, your opposition to the NRST is based wholly in personal greed and fear.
Ya, it stayed that way for a long time. Hell, why not go back to the original flat income tax. After all, it wouldn't just turn into the nightmare we have now would it.
How right you are!
You mean like the original income tax we had that has morphed into the monster it is today?
It's odd that you should say that, since I have noticed a big increase in movie rental prices at Blockbuster over the last year or so. (That's a cunning shift of subject since you were emphasizing the little video guy scratching for a living).
The reason that Mobile is having a problem retaining businesses is because of our sales tax. The city levels 4 percent, which, when you get down to it, is what you need to run the city operations. The problem is, Mobile County tacks on an extra percent, and then the State of Alabama comes and hauls off it's 4 percent.
It is thereby much easier for businesses to locate in unincorporated areas in this state, and as such, this makes life in municipalities, be it business recruitment or annexation, that much more difficult.
Me too. Silly, wasn't it?
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