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

To: lucysmom
When Hamilton wrote that, did he anticipate taxes on rent and medical care? No!

You're wrong. The income tax still has people pay tax on medical care - they just have to pay it before they get the medical care. Medical expenses of $100 costs me $128 including taxes [i had 22% effective income tax rate last year.] The nrst simply changes the timing [and lessens the tax a bit] of the tax payment.

I would prefer to keep ALL my earnings and pay tax when I buy something than have my earnings reduced before I even get MY OWN MONEY.

Under the nrst, that $100 medical bill would cost me $118 including taxes [i have a 15% effective nrst rate.]

So under the nrst, I pay less in tax and only pay tax when I spend - not when I invest, gift money, or leave to my children.

100 posted on 12/20/2008 12:30:10 PM PST by Principled (They used the CRA to undermine capitalism. They're using ACORN to undermine democracy.)
[ Post Reply | Private Reply | To 94 | View Replies ]


To: Principled
You're wrong. The income tax still has people pay tax on medical care...blah, blah, blah

All that relates to the Hamilton quote exactly how?

103 posted on 12/20/2008 5:47:48 PM PST by lucysmom
[ Post Reply | Private Reply | To 100 | 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