The luxury tax KILLED a whole industry during its existence int he private boat business.
Pushing american business overseas is exactly what people compalin about.
This is NOT getting rid of paperwork in my business, you are adding to it.
NO WAY.
Thank you, I will tell as many people as possible this Fair Tax is a Sales Tax scam. The word is going to be the Fair Tax is snake oil which is just to create a new ENTITLEMENT TAX in the form of the PREBATE (?!)
Thank you for making this stupid idea crystal clear and opposition so fervent.
The FairTax is not a luxury tax.
And yes I am very familiar with Chris-Craft Industries and the effect the ill-fated and socialist minded luxury tax had on them.
If you were educated you would know that the FairTax replaces income and payroll taxes amongst others, it is nothing like a luxury tax. A luxury tax is a tax on top of existing taxes whereas the FairTax NRST is a replacement tax.
As I know persons inside Chris-Craft in Maryland, and as I have talked to them at length about the FairTax, I know they are excited about the advantages the FairTax will give them especially in international sales.
Oh, let's forward Hostage's statement on the role of women in the FairTax state to organizations like NOW.
There are none so blind that the REFUSE to see.
“The luxury tax KILLED a whole industry during its existence int he private boat business.”
Yes, of course it did. That is because buyers of yachts were able to legally avoid the tax. They can’t do that with the FairTax. If they buy a yacht or anything else outside the country and bring it home, it will be taxed when they return through customs.
You must be a very poor businessman if you think the overhead associated with the FairTax is more than the IRS demands for the income tax. That is just insane.