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To: Bigun
Absolute, positive proof that you haven't the FAINTEST clue what's in H.R.2525 William...but we KNEW that didn't we?

Eh? Care to explain the error of thinking in the following:

"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. "

800 posted on 11/09/2002 6:25:50 AM PST by William Terrell
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To: William Terrell
...but the items I used to buy are 30% higher. "

WRONG William! WRONG! WRONG! WRONG!

Goods you buy to be used in the PRODUCTION of products for retail sale are NOT TAXED under H.R.2525 William! Only goods and services sold to the final consumer ARE TAXED William!

The prouducts you purchase to be used in the production of the items you sell AT RETAIL will be cheaper than ever because they will no longer contain the hidden upstream tax and compliance cost component they currently do contain!

If, as I understand what you have told us about your business, you do not sell at retail but wholesale only this would be a HUGE boon to your bottom line William!

806 posted on 11/09/2002 7:04:43 AM PST by Bigun
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To: William Terrell

but the items I used to buy are 30% higher.

The error in your analysis is that you pretend all business is encompassed by your self serving claims. The exceptions to what you claim are profuse, glaring and evident:

Tax Analysts Document Number: Doc 1999-32575 (25 original pages)

[37] ... Proponents of an income tax ignore the basic economic fact the taxes we impose on the business sector are somehow also ultimately paid by humanity. What happens to upstream payroll, self-employment, and corporate taxes and why are these business taxes different from a VAT?

[38] While the relative ratio of how much is pulled back or pushed forward depends on market forces, it is a safe assumption that some business taxes find their way into goods and services purchased by consumers.

[39] Dr. Dale Jorgenson, Chairman of Harvard University's Economics Department, believes that the price of goods and services are inflated by about 20 percent or more by upstream taxes consumers ultimately bear. In a recent paper Dr. Jorgenson estimated the built-in taxes contained in the price of goods and services. /22/ In the chart above, he quantified the hidden component of tax, estimating that producer prices would fall on repeal of upstream taxes an average of about 22 percent.


815 posted on 11/09/2002 7:27:53 AM PST by ancient_geezer
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To: William Terrell
Care to explain the error of thinking in the following:

"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. "

The error is that items you buy for your business will actually be 20-30% CHEAPER. They'll have no tax component inflating their price. You'll be able to buy supplies for your business for 20-30% less.

Big time ignorance on your part Wil

=================== BTW, since you will be mfging your stuff at a cost that is 20-30% below what it costs today, you could lower your price and increase your market share..... hmmmmm...

819 posted on 11/09/2002 7:33:22 AM PST by Principled
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