Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: upchuck
RE: # 8

Assuming the IRS is completely eliminated and it’s thousands of employees are looking for work, what mechanism exists to collect the revenue generated by the Fair Tax?

The tax, being included in the quoted purchace price, will be collected at the point of purchase, and forwarded to the US Treasury Department. Just like state sales taxes are handled -- seller collects and sends to the state's revenue department.

The difference is that this tax will NOT BE ADDED ON TO THE SALES PRICE, it is a part of it.

20 posted on 09/01/2007 7:00:40 AM PDT by Turret Gunner A20 (If you can read this, thank a teacher. If you are reading this in English, thank a soldier.)
[ Post Reply | Private Reply | To 8 | View Replies ]


To: Turret Gunner A20
The tax, being included in the quoted purchace price,
So it's a hidden tax.
62 posted on 09/01/2007 6:19:41 PM PDT by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson