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To: JohnGalt
John Galt, I've watched your posts and see that you don't yet fully understand any of the sales tax bills. I am pleased, however, that your questions and concerns can be discusses.

The national sales tax will favor cheaper imports over more expensive home grown items...

Again, you have it exactly backwards. In fact, home grown items will enjoy a tremendous benefit under an nrst.

1) home-grown items' prices could be reduced by 25% due to the elimination of all income taxes and 95% of compliance costs - and will be exported WITHOUT the sales tax added onto the price

2) imports will have the 23% tax added onto the price when sold here

So you have it wrong.

137 posted on 04/17/2003 10:47:02 AM PDT by Principled
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To: Principled
There in lies the problem, so long as the government controls the printing press, we would be stuck with the same problem we are in today. Yes, there would lower costs for getting products to market with a NST or a flat tax, but if the government controls the value of dollar (which effects the price of credit and imports) than we are still in the same mess we are in now.
141 posted on 04/17/2003 11:02:39 AM PDT by JohnGalt (Class of '98)
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