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To: wintertime

And you somehow think this system will reduce the amount of workers needed to implement it? Hardly... Unless you think that passing the job on to the retailers is something that wouldn’t affect us as well — we’ll either pay these workers through the gov’t, or we’ll pay for the extra workers in the retail industry by a rise in the price we pay for everything — on top of the new tax.


148 posted on 01/20/2008 12:45:01 PM PST by LibertyRocks ("Islam - The Religion of Pieces" -- quote from LR's "Infidel & Proud" Daughter)
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To: LibertyRocks

Perhaps you should read the bill. It provides each retailer charged with the responsibility of collecting and remitting the sales tax a tax credit equal to .25% of the tax collected or $200, which ever is greater. The cost of administration is factored in to the rate.

By comparison, the income tax, with it’s Orwellian reporting requirements, offers no such administrative offset to the costs associated with calculating, withholding and remitting payroll or income taxes. Those costs are real and uncompensated and therefore, drive up the cost of doing business. The Fair Tax pays for itself. Businesses will be able to fire those who are now employed administering the income tax or they can reassign them to administering the sales tax. Either way, the businesses will be compensated under the Fair Tax and they are NOT compensated under the income tax.

States are likewise given a tax credit of .25% of the tax collected to compensate the states for the administration costs they will incur.


163 posted on 01/20/2008 1:06:25 PM PST by DivaDelMar
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