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To: sand88

I am not sure either about a national sales tax.

Add that to your state and local sales tax.

ugh


725 posted on 10/11/2011 6:08:35 PM PDT by dforest
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To: indylindy
I am not sure either about a national sales tax. Add that to your state and local sales tax.

Your federal income tax drops to 9%. Funny how the anti-999ers never mention that.

759 posted on 10/11/2011 6:11:10 PM PDT by buccaneer81 (ECOMCON)
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To: indylindy

Are you saying if your payroll tax of 15.3% on your GROSS paycheck is cut, you would have a problem with a 9% sales tax on the pitiful amount of your discretionary spending amount?

For example if your paycheck is $50,000, you are paying $7650 in payroll tax! Out of that 50,000, after you pay federal tax, state tax, city tax, mortgage, car payment, savings, how much money you have left to buy stuff with? It is not a difficult arithmetic. My guess you will have less than $20,000 left to spend on which you will pay less than $1800 federal sales tax.

Are you serious in saying you prefer to give up $7650 tax break to avoid paying $1800 in sales tax? If yes, good luck in your finances.


1,285 posted on 10/11/2011 6:56:34 PM PDT by federal__reserve (November 2012 will decide whether we fall into an abyss or walk up the shiny city on the hill.)
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