I would have to raise my prices to be able to aford what I'm used to buying with a 30% NRST
How is it would you find it necessary to raise prices, when business is not taxed for that which is necessary to the conduct of their business under the NRST.
Terrell, the following linked BLS Data shows shows some interesting results by gross income classes.
| Income |
|
less
than
$5,000 |
5,000
to
9,999 |
10,000
to
14,999 |
15,000
to
19,999 |
20,000
to
29,999 |
30,000
to
39,999 |
40,000
to
49,999 |
50,000
to
59,999 |
greater
than
60,000 |
| Expenditure |
|
17,946 |
15,703 |
21,199 |
24,331 |
29,852 |
35,609 |
42,323 |
49,245 |
75,964 |
| Gross Income |
|
1,942 |
7,192 |
12,245 |
17,070 |
23,666 |
32,720 |
41,498 |
54,432 |
102,578 |
Care to Tell us just which Income bracket you say you are in that allows you to spend without substantive income/payroll taxation?
Living off your capital perhaps, or is it undeclared earnings? Some I am sure are interested in how you manage to pay a lower tax rate than the NRST would provide:
http://www.freerepublic.com/forum/a388d0748789d.htm
How is it would you find it necessary to raise prices, when business is not taxed for that which is necessary to the conduct of their business under the NRST. Right now, I sell and item for "X", which amount "Y" I keep after distributing cost of material and expenses. The amount "Y" I have to spend and can buy things every month. Under an NRST, if I sell the item for the same amount, I keep the same amount of money after expenses and costs, but the items I used to buy are 30% higher.
Yes, I've heard about the teriffic costs of payroll taxation that businesses pass on to the buyer of their products.
I written and implimented many payrolls in my times as a consultant. Everything is automated. Payroll clerks either have a number of other jobs, or they come in only a couple days a week.
The tasks are:
Accumulating and entering hours worked - done whether taxes taken or not.
Computing payroll and printing checks - done whether taxes taken or not (actual taxes owed and deducted automatically in the process, add no time to process).
Filling out deposit slip for fed and FICA bank account from amount printed on payroll report - about 5 minutes and drop the deposit off at the bank on lunch hour.
Printing quarterly report and mailing to IRS - anywhere from 30 minutes to an hour with problems, every three months.
Printing yearly reports and W2s, mailing to IRS and workers - about 3 hours every year.
What costs, related directly or indirectly to taking and reporting income taxes, that would raise each individual item off production line any noticable amount?
