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Top 11 Secrets of a National Retail Sales Tax
Various | 6-10-05 | Always Right

Posted on 06/10/2005 11:13:37 AM PDT by Always Right

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To: lewislynn
If I finance a new home for $200,000 + 30% tax = $260,000 then sell it 2 yrs later without collecting my tax paid how is that "instead of" my income tax exactly?

Lousbolts, today's homes contain a similar amount of tax and tax costs - and they're all recovered in the sale. Execpting distressed sales, only a stupid idiot would sell a house for less than he paid.

Why would you sell the house for less than $260,000? You wouldn't . You'd sell it for as much or more than you paid - just like today.

381 posted on 06/10/2005 7:04:09 PM PDT by Principled
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To: AFreeBird
The bar has based its price on its costs, plus profit, plus the tax.

Next, he'll tell you that prices don't include any tax costs. Really, he will.

382 posted on 06/10/2005 7:05:44 PM PDT by Principled
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To: Fido969
So, it will take less from the poor, and take less from the rich...

Where'd you get that? A monkey's butt?

Taxes still have to be paid - the same in aggregate (revenue neutrality). The tax base for the nrst is larger than the income tax base - remember all the deductions and exemptions for income taxes.

Under nrst, big spenders will end up paying a (maximum) 23% marginal rate. I think you're wrong to say that's less than now. What was Tah-ray-za's rate? 2% on 50 million?

383 posted on 06/10/2005 7:17:06 PM PDT by Principled
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To: Principled
It is not the case that there are no requirements to get the rebate. There are two: you must be a legal resident and 2) you must have a valid SSN.

And the government must maintain a record of those two requirements. And "ancient_geezer" in this post list quote a few more requirements. Like designating a "head of household" and listing everyone in your household and their ages. He says some people get more pre-bate than others. That's a lot more than just "two requirements."

And that's not "no records" either. And no one lists who and how this information will be verified.

384 posted on 06/10/2005 7:26:32 PM PDT by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
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To: Principled
Perhaps you are ignorant of my position - among other things.

Maybe not. But I am certainly not ignorant of your basic ignorance of economics.

385 posted on 06/10/2005 7:30:14 PM PDT by balrog666 (A myth by any other name is still inane.)
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To: hosepipe
"This boys about as sharp as a bowling ball.." -Foghorn Leghorn..

Yes indeed and there is apparently NO help for whatever disease it is that aflicts him.

Reminds me of another quote:

Ignorance is correctable; stupid is forever! Author unknown

386 posted on 06/10/2005 7:42:49 PM PDT by Bigun (IRS sucks @getridof it.com)
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To: hosepipe
Come to think of it this one seems much more appropriate.

If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen."

Samuel Adams

387 posted on 06/10/2005 8:02:49 PM PDT by Bigun (IRS sucks @getridof it.com)
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To: hosepipe
Somebody slap my ass.. but be careful I'm armed.. and very very pissed off..

Nah! kinda like salty ole pharts like you and this here feller:

"Carlos Manuel Robles, you have been tried by twelve true and good men, not of your peers, but as high above you as heaven is of hell; and they said your guilty." "Time will pass and seasons will come and go; Spring with its wavin' green grass and heaps of sweet-smellin flowers on every hill and dale. Then will come sultry Summer, with her shimmerin' heat-waves on the baked horizon; and Fall with her yellow harvest-moon and the hills growin' brown and golden under a sinkin' Sun; and finally Winter, with its bitin', whinin' wind, and all the land will be mantled with snow. But you won't be here to, see any of 'em, Carlos Manuel Robles; not by a damn sight, because it's the order of this court that you be took to the nearest tree and hanged by the neck. The sheriff will ride off leaving you to dangle by the neck until you are dead, dead, dead you no good son-of-a-bitch!"

Signed: Judge Roy Bean

388 posted on 06/10/2005 8:11:33 PM PDT by Bigun (IRS sucks @getridof it.com)
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To: FreedomCalls; Principled

Like designating a "head of household"

No I did not say designating a head of household, neither does the bill. I merely requires the name of the person or persons the sales tax rebate is to be sent to. Don't want it don't send them a name to put on the check. Simple.

listing everyone in your household and their ages.

More like listing everyone by social security number as SSA already has the rest of the information. But you don't even need to give em that if you don't want the sales tax rebate.

He says some people get more pre-bate than others.

Yep each household receives 178 or there abouts for adults, and 65 for each child. Gee so difficult, and not even that is necessary if you choose not to apply.

That's a lot more than just "two requirements.

Requirements? What part of voluntary do you not understand.

And that's not "no records" either. And no one lists who and how this information will be verified.

Sure I have, as I said it's called the Social Security Administration. The folks that already have the information required in any case, as a consequence of current law.

You really should read the bill, instead of just emoting.

 

H.R.25

Fair Tax Act of 2005 (Introduced in House)
http://thomas.loc.gov/cgi-bin/query/z?c109:H.R.25:


`CHAPTER 3--FAMILY CONSUMPTION ALLOWANCE

  • `SEC. 301. FAMILY CONSUMPTION ALLOWANCE.
  • `SEC. 302. QUALIFIED FAMILY.
  • `SEC. 303. MONTHLY POVERTY LEVEL.
  • `SEC. 304. REBATE MECHANISM.
  • `SEC. 305. CHANGE IN FAMILY CIRCUMSTANCES.

389 posted on 06/10/2005 8:12:40 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: Bigun
[ Ignorance is correctable; stupid is forever! Author unknown ]

Well the guy ain't stupid.. but he could care less about the country as a whole.. I think Utopian dreams waylay a lot of good ideas.. The good idea I speak of is shit canning the barrel of spoiled apples and starting a new barrel.. Its that way with apples.. once the "germ" infects them.. vinegar is not far off.. or at the least cider.. The apple juice is a distant recollection..
(if you get my metaphor)..

Just being practical, I think.. What say Ye.?.

390 posted on 06/10/2005 8:26:07 PM PDT by hosepipe (This propaganda has been ok'ed me to included some fully orbed hyperbole....)
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To: Abram; AlexandriaDuke; Annie03; Baby Bear; bassmaner; Bernard; BJClinton; BlackbirdSST; ...
Libertarian ping.To be added or removed from my ping list freepmail me or post a message here
391 posted on 06/10/2005 8:31:53 PM PDT by freepatriot32 (www.lp.org)
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To: Always Right
I would say some will go up 20-25%, but others will go up 0.

Whose is going to go up zero? Nobody that I can think of. SS income is taxed and that tax goes away. Interest income is taxed. That tax goes away. Those with capital gains income pay tax. That goes away.

392 posted on 06/10/2005 8:42:17 PM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: AzaleaCity5691
For a $50,000 car, well, thats when things start to get real tricky.

Are they currently going to Mexico to get that $50K car for the much lower Mexican price? And when they bring it back into America and REGISTER it, they are going to get taxed. Trust me.

If you don't believe me, ask anyone who bought a new car in a state they don't live in if they had to pay the tax as if they bought it in their home state when they registered it.

393 posted on 06/10/2005 8:44:00 PM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: Always Right
If a state has 100 employees and pay them $1 billion, under the sales tax they will now have to come up with $1.3 billion to keep the same number of employees?

Show me where in the Fair Tax bill that employers have to pay the sales tax on employees salaries.

If you can not, admit you are lying.

394 posted on 06/10/2005 8:48:05 PM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: Always Right
I agree. But let's look at the sales tax. Under the sales tax the doctor must remit $150,000 for sales tax.

Why would the doctor remit anything? Salaries are not taxed under the NRST. Taxes would only be paid when purchasing retail products and services.

395 posted on 06/10/2005 8:49:48 PM PDT by SALChamps03
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To: Marak
Been there - read it. I also think the figures are totally bogus. While it may be true for large corporations that require hordes of people to comply with complex regulations, it certainly not true that small companies devote 20% - 25% of their gross sales on taxes and compliance.

The 20 to 25% is cummulative from raw material to finished product on the shelf as the amount of tax and compliance expense grows from step 1 to putting product on the shelf.

396 posted on 06/10/2005 8:50:01 PM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: ThinkDifferent

Also, lower prices result in more units sold, and eventually more profit.


397 posted on 06/10/2005 8:51:18 PM PDT by SALChamps03
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To: ancient_geezer
"The folks that already have the information required in any case, as a consequence of current law."

"Required"? I thought you said it was voluntary. Which is it?

398 posted on 06/10/2005 9:03:36 PM PDT by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
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To: expatpat

Competition doesn't work that way.


399 posted on 06/10/2005 9:11:13 PM PDT by SALChamps03
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To: Principled
only a stupid idiot would sell a house for less than he paid.

Why would you sell the house for less than $260,000? You wouldn't

Only a stupid idiot would think a 30% tax makes it worth 30% more than the actual value.
400 posted on 06/10/2005 9:16:50 PM PDT by lewislynn ( Is calling for energy independence a "protectionist" act?)
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