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To: lewislynn
Services would be subject to the NEW sales "gross payment" tax. What part of a "service" (labor) cost would be reduced?

Everyone seems to parrot your line but where's the proof or even an example?...Will there be price controls?

Like I said, try doing a little reading, my answer to your question was already in my post...services currently include all costs & taxes used to produce the service, labor supplies, expenses, all taxes the provider already has to pay, payroll taxes, income taxes etc. They are hidden in the cost of the service and with the NRST they will be out in the open. Do you really think when you pay for a service or good the taxes paid by the provider are not included? Does a for profit business/service pay the taxes for you out of the goodness of their heart & out of their own pocket? How would you price your product or service? To make a profit you would have to include all expenses and costs, otherwise you would be losing money and soon out of business (of course then you wouldn't have to worry much about taxes, either income or consumption)

You are already paying more than 23% tax in the cost of goods & services, but it is hidden. No price controls are necessary in a free market, competition will do the trick, if production of goods & services becomes more efficient and costs less to produce prices will drop. Conversely if production of goods or services becomes less efficient costs prices will go up. Competition, supply & demand is what determines prices, whether there is an income tax or consumption tax or no tax.

http://www.digitaleconomist.com/equilibrium.html

Q: Why don't businesses have to pay taxes and pay their fair share?

A: Under any tax system -- income or consumption -- businesses do not pay taxes. Businesses only collect taxes for the government in the form of higher prices or lower wages. Business taxes and compliance costs are simply costs of doing business that are reflected in their bottom line.

Under any tax system, only consumers pay taxes. (Only consumers have no one else to whom they can pass the cost of the tax along.)

If businesses only collect taxes, and only consumers pay them, we should set up our tax system to reflect that economic reality.

By eliminating the business taxes and compliance costs hidden in the price of every good or service and exposing those burdens in a single, flat sales tax rate that consumers pay, the NRST creates the simplest and most economically efficient system yet proposed.

82 posted on 04/13/2003 7:11:34 PM PDT by rolling_stone
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To: rolling_stone
How would you price your product or service?

Well since I already have a service business I can tell you matter of fact.

If my current service rate is $100.00 an hour, after the new "gross payment tax" my rate would have to be $130.00 an hour.

Why?... Because I would be required to collect and remit 23% of my gross income and because the employee is expecting to get 100% of his/her wage with no deductions...no price cut there...Also, though I would no longer have an income tax, I still would have to pay the exorbitant sales tax when I choose to spend my money...Again, no price cut.

86 posted on 04/13/2003 9:34:54 PM PDT by lewislynn
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