To: Filo
Your post tax money is already retaxed when you purchase something because of the embedded taxes in the product.
How is that different and better than the FairTax you will pay?
39 posted on
08/27/2007 9:09:30 AM PDT by
Phantom Lord
(Fall on to your knees for the Phantom Lord)
To: Phantom Lord
Your post tax money is already retaxed when you purchase something because of the embedded taxes in the product.
The whole discussion about "embedded taxes" is speculative BS.
I have never seen compelling documentation to justify anything approaching a 30% drop in the cost of goods at the retail level.
I agree that prices should (not will) drop but they certainly won't drop sufficiently to cover an abusive 30% tax.
Unless they do I'll be double-taxed under the Fair Tax system. . . and that's only one of the many flaws.
Don't get me wrong, I want the IRS gone and the current tax debacle solved, but Fair Tax needs some serious tweaks before it is the answer and Im not one of those implement it and fix it later types. I want it defined properly before I support it.
43 posted on
08/27/2007 9:18:44 AM PDT by
Filo
(Darwin was right!)
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