Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Phantom Lord
Lets assume for simplicity that yes, the out the door price on a widget would go up 17%. Now, by what % is your take home pay going to increase?

I would say some will go up 20-25%, but others will go up 0. Some will be better off with a sales tax and others will be much worse. The ones who will really be hurt are those on fixed incomes and/or rely on things like Social Security Income.

264 posted on 06/10/2005 1:58:06 PM PDT by Always Right
[ Post Reply | Private Reply | To 224 | View Replies ]


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)
[ Post Reply | Private Reply | To 264 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson