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To: Your Nightmare

Just in previous threads where you asserted the absurdity that the federal gas tax is a hidden tax, you likewise exhibit gross misunderstanding of basic terminology associated with business transactions.

Gross payments means just that, the purchase amount and the added taxes. Each tax is added to the purchase price, state sales taxes, federal excise taxes and the NRST to replace embedded income and payroll taxes. These taxes are added independently.

Keep it up, you are a good advertisement for disturbed logic. I suggest you observe and ask sincere questions first before broadcasting your impairment.

Just for you:
http://www.govtrack.us/congress/billtext.xpd?bill=h109-25

`SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.

`(a) In General- For each purchase of taxable property or services for which a tax is imposed by section 101, the seller shall charge the tax imposed by section 101 separately from the purchase. For purchase of taxable property or services for which a tax is imposed by section 101, the seller shall provide to the purchaser a receipt for each transaction that includes—

`(1) the property or services price exclusive of tax;

`(2) the amount of tax paid;

`(3) the property or service price inclusive of tax;

`(4) the tax rate (the amount of tax paid (per paragraph (2)) divided by the property or service price inclusive of tax (per paragraph (3));

`(5) the date that the good or service was sold;

`(6) the name of the vendor; and

`(7) the vendor registration number.

Note that receipts must include the price exclusive of tax, meaning all tax, not just the NRST.


306 posted on 08/31/2007 8:10:37 AM PDT by Hostage (Fred Thompson will be President.)
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To: Hostage

That paragraph indicates MORE PAPERWORK FOR MY BUSINESS.

You are NOT helping your cause, every justification you offer only adds to the boondoggle and onerousness of government intrusion with the “fair sales tax” absurdity.


307 posted on 08/31/2007 8:16:14 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Hostage
OMG, you really are clueless about the FairTax, aren't you? Once again we see the strongest FairTax supporters are the most ignorant.

The tax paid is the "tax imposed by section 101." Excise taxes aren't "imposed by section 101," are they?

Can't one of you FairTaxers please send this guy a FReepMail and tell him he's wrong. He's just embarrassing himself.
308 posted on 08/31/2007 8:28:10 AM PDT by Your Nightmare
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To: Hostage
How many extra lines will the FairTax add to a sales receipt in the name of simplification?
315 posted on 08/31/2007 9:03:27 AM PDT by lucysmom
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