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?
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.
So you claim.
What costs, related directly or indirectly to taking and reporting income taxes, that would raise each individual item off production line any noticable amount?
Where Have All the Dollars Gone?
How the government robs Peter to pay him back.
By James L. Payne, Reason Magazine February '94
When the overhead costs are added together, (24 percent compliance costs, 33 percent disincentive costs, and 8 percent other costs), they total 65 percent of tax revenue.
Current total Federal tax revenues are about $1900billion, more than $1,000 billion additional dollars are added on onto consumption prices due to the business costs of complying with the federal income/payroll tax laws.
Not even counting the taxes FICA & business income tax paid as well.
see also: (Payne '97, Pilla '95, AGCCA 2000, Williams 2000)
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. No, items under the nrst if bought for business purposes will be 20-30% CHEAPER, Will.
Prices of items bought for consumption will be about the same.
Do you read?