To: Jack Hydrazine
It’s a sales tax! I’m sure you’d like to see a sales tax of 25 percent like you see VAT taxes in Denmark! The Fair Tax rate is actually steeper; it's 29.87% when stated in the same manner as virtually all sales taxes are (what is often called the "exclusive" rate.)
That is, if you buy a watch that is priced $100, you give the clerk $129.87 in total. (There's a long discussion here about the Fair Tax.)
69 posted on
07/21/2010 12:27:39 PM PDT by
snowsislander
(In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
To: snowsislander
That’s higher than I expected but government doesn’t come cheap these days!
70 posted on
07/21/2010 12:45:35 PM PDT by
Jack Hydrazine
(It's the end of the world as we know it and I feel fine!)
To: snowsislander
And what is to stop them from jacking it up higher to say 50 or 60%? Some one has to pay for those COLAs and pay raises the politicians are entitled to!
71 posted on
07/21/2010 12:48:27 PM PDT by
Jack Hydrazine
(It's the end of the world as we know it and I feel fine!)
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