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To: Phantom Lord
Actually, in a post above he explained how he got to the 7 figure number. It was based on his sales and thus the tax he would have to forward. So he is claiming the tax paid by the customers who buy his product as tax he paid. Talk about dishonest.

Dishonest???? Please explain to me how that doesn't come off my bottom line and it is me who is sending the check in. Certainly my customers are responsible for every penny of my gross sales, just as they are today. But on $7 million of gross sales, I pocket $7 million. I pay my income tax and I pay the employers share of FICA for my employees. This number is minute compared to the $1.61 MILLION I will have to remit under the fair tax. Explain what is so dishonest. The only thing dishonest is you guys acting like you don't understand this simple point.

112 posted on 08/19/2005 8:14:25 AM PDT by Always Right
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To: Always Right

What is dishonest is the NRST is paid by the person who purchases the retail product, not the business that sells the product. Using your logic, if you sell a $200,000 house, the NRST that you pay is $46,000 and the NRST paid by the purchaser of the home is zero. But in reality, the $46,000 NRST was paid by the customer and you paid zero.


116 posted on 08/19/2005 9:34:05 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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