To: gpapa
It's foolish to believe sellers would lower prices of goods to reflect the elimination of "hidden" income taxes.
The world doesn't work that way.
Sellers would maintain prices and pocket the tax savings.
To: NoControllingLegalAuthority
Sellers would maintain prices and pocket the tax savings.Since sellers would be paying their employees 100% of their paychecks according to the FairTax mantras, there are very few tax savings to the business to begin with.
The business owner payroll is almost as much as before, he just cuts the whole check to the employee rather than giving the employee his after-withholding check, and writing checks to the FedGov in addition for the employee's FICA and income tax withholding...
57 posted on
08/26/2007 5:09:20 AM PDT by
RobFromGa
(FDT/TBD in 2008!)
To: NoControllingLegalAuthority
The "Fair Tax" -- a river runs through it -- called De-nial
59 posted on
08/26/2007 5:59:20 AM PDT by
xcamel
(FDT/2008 -- talk about it >> irc://irc.freenode.net/fredthompson)
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