To: Phantom Lord
Under the NRST, if both the Doctor and Drug dealer earn $500K, and they both spend the same amount of money on retail products, they will both pay the same amount in federal taxes. You are leaving out the fact that the doctor has to collect the NRST on his patients as he is providing a taxable service. This 23%/37% money has to be remitted to the government before he counts his salary. He then has to pay the 23%/37% NRST on his personal purchases as he spends it.
108 posted on
06/10/2005 12:21:24 PM PDT by
FreedomCalls
(It's the "Statue of Liberty," not the "Statue of Security.")
To: FreedomCalls
This 23%/37% money has to be remitted to the government before he counts his salary. The doctors salary and business revenue are two seperate things.
126 posted on
06/10/2005 12:27:07 PM PDT by
Phantom Lord
(Advantages are taken, not handed out)
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