Posted on 08/27/2007 7:53:49 AM PDT by Turret Gunner A20
It’s pointless to even discuss it.
It sure is -- with you.
Sorry if it is over your head, which by you repetitive comments illustrating such says that it is way over your head, but it does support exactly what I have been saying.
If you are referring to taxing your savings again when you spend them then you should know we've heard that tired AARP scare tactic many times before and it won't work. If you bothered to study the issue you would know that you are paying embedded federal taxes on every retail purchase so there is no way to get around paying federal taxes on purchases whether under the Income tax or the FairTax.
and I don’t want the government to have the chance to add new taxes later. If the 16th isn’t repealed and replaced with an unimpeachable ban on future income taxes then we’ll be just like Europe with an income tax and a VAT within a decade or less. Count on it.
And the FairTax movement will immediately move to repeal the 16th Amendment just as they point out on their website http://www.fairtax.org , and they are correct in pointing out that once Americans are free of the Income tax, they will never allow it to return. And this will be done with a bill to repeal the 16th Amendment. As soon as the FairTax is enacted the IRS is abolished and the Income tax is repealed. And the very same day of FairTax enactment the bill to repeal the 16th Amendment will be introduced.
8.8% sales tax, property taxes, levies, Business & Occupation tax (B&O tax).
Most revenues from sales taxes. People are fed up with the property taxes here and have begun talking about a Georgia One type of sales tax.
Lets see. I make $100,000 today but my take home pay is $80,000. Tomorrow the FairTax is implemented and my take home pay is $80,000.
Wrong. Assuming for this excample that the $18,000 of the deductions are going to the Federal Government as taxes of one sort or another (IncTax, Fica, etc. The FairTax is implemented, the Feds no longer takes the $18,000 -- your take-home pay is now $98,000.
You paid taxes that you didn't owe, that were embedded in things you didn't buy, because only your income was taxed, because what you might buy will have to be taxed again, especially if you had after tax money, to spend on untaxed things with embedded taxes, that aren't taxed because corporations don't pay taxes, because you paid the taxes you didn't owe.
Got all that?
Now rinse, and repeat.
And the question every fairtaxer since the beginning of time fails to answer, if the employee is taking that money home in the form of a bigger paycheck, how does that reduce prices? It does not, those costs are still embedded in the cost of goods and the new tax will increase the costs of goods and services to the consumer.
I do believe that is alredy filed as HJR 16 in the Congress. See post # 63.
Are you honestly suggesting, and do you honestly believe there isn't heavy competition for the electronics consumer?
If there isn't why have HDTV prices dropped more than 50% in the past year and half?
Why has HD-DVD prices dropped so much and Blu-Ray prices come down, though slower than HD-DVD?
Why are personal computers more powerful, have more options, and more capability at a lower price year after year after year?
You don’t know that you will pay more. You may think it but you don’t know.
You will if you choose get a rebate every month to use for necessities to offset the NRST.
You likely have your home paid off and all material things as you want them so you will not have a large amount of spending. You may travel but travel products and services will be reduced in costs and then brought back to today’s price via imposition of the NRST, i.e. a wash to your budget.
Your social security will not be taxed and your savings and investment interest will not be taxed.
The bottom line is you don’t know that you will pay more and very likely you will be better off.
I appreciate you wanting to do right by the country, it shows a lack of selfishness.
I would say instead “I don’t know if I will be better off or not under the FairTax, some say I will be better off, some say I will pay a little more but I think it is right for the country.”
The FairTax movement is working to initiate the Federal FairTax in certain selected states and territories to evaluate the effects. After the results come in we will have a better idea about retirement living under the FairTax.
Nothing will be done in a rash manner. As Americans we will test and verify as we are a practical innovative people.
And many a real price DROPS over time.And many a mickle makes a muckle. What does that have to do with what we were discussing?
“Boortz spends 75% of the article refuting a non-point about CATS. It makes no difference to the debate. “
I think it does makea difference. An attempt to associate anything with Scientology is a smear tactic, since most of America thinks Scientologists are a bunch of loons.
Why else do you suppose Bartlett included it, if he himself didn’t think it would be important to people ?
If it's stupid, why is Wal-Mart one of the largest companies in the world?
The reason you compete on price is because you feel that you can make higher profits by selling more volume. The reason you do that despite the fact that your competitor might also lower their prices is because you think you run your business more efficiently. If your competitor has more overhead, or is simply unwilling to accept lower profit margins on that product, then they can't compete with you on price.
They can try and compete by adding value to their products in some way such as better service, better quality. They can also try and compete by adding perceived value through better marketing or more skilled sales people.
Usually competition isn't just done on price alone. It is a combination of price and value, and retailers offer different versions of the same product that have different values to the customers at different prices.
Read some game theory.
Play some more complex games.
I think it does makea difference. An attempt to associate anything with Scientology is a smear tactic, since most of America thinks Scientologists are a bunch of loons. Why else do you suppose Bartlett included it, if he himself didn’t think it would be important to people ?BTW, the AFFT's Director of Research, Karen Walby, is a Scientologist. I don't if that really means anything (although Scientologists are known for spreading truth and she is Director of Research for an organization known for stretching the truth).
Who said anything about giving away money ? The issue is about dropping PRICES.
You’d only be giving away MONEY if your lower prices failed to increase the QUANTITY of your sales. Sellers in a free market drop their prices to increase market share, and the larger volume at the lower price gets them MORE MONEY, not less. Only through price-collusion can a market comprising many sellers maintain high prices. You can’t stop the other guy from being first to drop prices, which means you have to follow or go out of business.
I agree. For Boortz to continue using the 23% embedded tax cost figure means he is counting the employee’s taxes, which would require a pay cut down to the employee’s current net paycheck.
That won’t fly. Can’t fly with all the collective bargaining, minimum wage laws, and contractual pay scales. I don’t know why Boortz continues to use it. It is just silly.
As you said, prices can drop 10% if business taxes and tax-related costs are removed. So tax-inclusive prices go up 18%, while my net income goes up 40% to match my gross. The numbers still work out great, so why doesn’t Boortz use the more realistic gross-pay-stays-the-same scenario ?
No, it doesn’t. Price wars are a death spiral, and everyone always thinks the other guy is going to go away first.
Anyone whose first method of competition is price cutting won’t be in business long.
Wal-Mart thrived because they were in rural towns, made money and grew. They dominated when they came to suburbia; but their margins are horrible, and ownership makes their living from another corporation which gets rent from Wal-Mart stores.
That won’t fly. Can’t fly with all the collective bargaining, minimum wage laws, and contractual pay scales. I don’t know why Boortz continues to use it. It is just silly.It wouldn't have anything to do with the fact that he's a lying sack of $h17, would it?
Just caused its filed means jack.
Without it actually happening, the FairTax will just be an additional tax.
Keep in mind I support the FairTax and want to see it replaced the income tax. But without the actual repeal of the 16th amendment, I can't support it in full.
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