To: Man50D
Take Mr. Megabucks, who is sitting on $65 million and wants to buy a jet like Oprah Winfrey's - a 10-passenger, $50 million Global Express XRS. Under the FairTax, the jet costs him an extra $15 million because of the 30 percent sales tax. The author does not know the FairTax very well. After the embedded taxes are removed, the final cost of the jet after the FairTax is added will still be about $50 million.
4 posted on
02/25/2008 12:56:42 PM PST by
Tatze
(I'm in a state of taglinelessness!)
To: Tatze
Not exactly so. The jet will have embedded taxes other than fed taxes, and there are “fees” that the fed will still have.
8 posted on
02/25/2008 1:02:44 PM PST by
xzins
(Retired Army Chaplain -- Those denying the War was Necessary Do NOT Support the Troops!)
To: Tatze
The author does not know the FairTax very well. After the embedded taxes are removed, the final cost of the jet after the FairTax is added will still be about $50 million. Step away from the propaganda, go down to any small business, ask them what their gross sales were, and what their tax liability was. The embedded tax myth has to end sometime.
Second, the man pays no sales tax on his fifty million dollar plane because he's buying it used - extremely large private jets are purchased new.
12 posted on
02/25/2008 1:09:40 PM PST by
kingu
(Party for rent - conservative opinions not required.)
To: Tatze
HA HA HA HA HA HA HA ha ha ha ha ha ha ha ha ha ... you really believe that, don’t you.
17 posted on
02/25/2008 1:10:53 PM PST by
Mr. K
(Some days even my lucky rocketship underpants don't help)
To: Tatze
Mr. Megabucks would simply purchase the Jet in a more tax friendly country and avoid paying the tax completely and the US government would get $0 in tax revenue exactly what they did when we put a tax on luxury yachts.
18 posted on
02/25/2008 1:11:58 PM PST by
BubbaBobTX
(I wasn't born in Texas but I got here as fast as I could.)
To: Tatze
I believe the fair taxers already admitted the alleged embedded taxes are only 7% AT BEST.
It really does not take into account the fact of offshore competition presently has a better corporate tax rate offshore. Being taxed differently but the same amount is pointless. We need to be taxed LESS.
28 posted on
02/25/2008 1:21:31 PM PST by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: Tatze
The author does not know the FairTax very well.
LOL! He is THE Fairtax economist.
Some think it's a barely known hick radio talk show host, but no, it's definitely Kotlikoff.
115 posted on
02/25/2008 6:13:47 PM PST by
lewislynn
(What does the global warming movement and the Fairtax movement have in common? Disinformation)
To: Tatze; xcamel
What? The “author” is the god of Fair Tax; he supposedly wrote the definitive report on how great it will be. You are preaching lunacy in the church of Fair Tax!!! Be careful your FR life is in danger. Drink more kool-aid it will confuse the FT Terminators when they come for you!!!
175 posted on
02/26/2008 1:03:49 PM PST by
mad_as_he$$
(John McCain - The Manchurian Candidate? http://www.usvetdsp.com/manchuan.htm)
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