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To: Phantom Lord
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.

Rolling my eyes. Technically, I pay, remit and am liable for the tax. I am required by law to charge the customers the tax. That $46,000 comes off MY BOTTOM LINE. I can't charge $260,000 for a home that was $200,000 before the fair tax. That money comes from MY GROSS SALES. That is what the tax is figured on, MY GROSS SALES. The fact is if I sell a $200,000 home under the fair tax, I recieve $46,000 LESS. It is up to me to find $46,000 worth of savings from embedded taxes/compliance costs for each house I sell and for the life of me I can't.

119 posted on 08/19/2005 9:42:43 AM PDT by Always Right
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To: Always Right

What you are forgetting is that is isn't just you. Every home builder is in the same boat. So your competition either has to charge the same price as you, which means you are no worse off since the home buyer can't buy their new home anywhere else. Or your competition, being much smarter than you, can see that their costs are now lower since all their suppliers aren't paying taxes now and will lower their prices. It will be your competition that puts you out of business, not the Fair Tax.


121 posted on 08/19/2005 9:52:03 AM PDT by rwrcpa1 (April 15. Let's make it just another day.)
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