NRST will increase government revenues because it so effectively taps retirement accounts.
Only when money is spent, and the income/payroll tax does that now anyway. Only from both ends, when you make it, and when you spend it.
We spend "disposable income", (i.e. "aftertax" income) which finances all income that is taxed. Viewing from the perspective of consumption dollars, where it is all generated, we get an entirely different perspective on what is being done to us.
Between business income taxes and payroll taxes, the burden on citizen as reflected through higher prices, lower wages, and lower return on investements are indeed horrendous.
The following article covers the mechanism on how the current Federal tax system propagates and is embedded into consumption expenditure.
DO YOU PAY YOUR INCOME TAX
AT THE SUPERMARKET?
by D. Sherman Cox J.D. L.L.M. Taxation
The percentage used in the above article is somewhat off target in that it is based on a percentage that excludes individual income tax and SS/medicare contribution extracted out of individual wages & salaries. The 24% in the article considers only those factors actually paid to government out of impositions on the business in complying with the income, payroll, excise & tariff tax laws.
The total contribution of the federal tax system(including taxes in gross wage/salaries) to the price of retail consumption goods and services is 36% for federal taxes alone. Why? Because wages and the taxes on them are paid for out of sales receipt to business,(i.e. consumption expenditure). If we add in the cost of compliance of more than $600billion/year, the percentage that truely represents the burden on the family due to the Federal income payroll tax system increases to about a 47% of family consumption expenditures.
Tax as % of current family retail expenditure = fed/(1-state-fed-savings) =
23.5/(1-.235-0.102-0.012) = 36.09%
Current total Federal tax revenues are about $1900billion, more than $600billion(Paine '97, Pilla '95, AGCCA 2000, Williams 2000) additional dollars are passed on in consumption prices due to the business costs of complying with the federal income/payroll tax laws.
Percent total current federal burden (taxes + compliance costs) of consumption dollars = 36*(1900+600)/1900 = 47.36% as passed through consumption prices. Reduce the taxes on business and simplify them in any way possible ultimately means a lower price and higher standard of living for the citizen.
The mocking tone of your reply reflects a kind of pride. The 100 percent kill record of the 'courts' would be evidence of tyranny to most. You apparently see it only as stupidity on the part of those attempting to defend their property. Lots of websites (likely maintained by tax industry operators) join in poking fun. Property indeed. Your money are belonging to us.
Admittedly under the present circumstances, it is studpid to attempt protecting ones property. One is dead before one starts. Am I mistaken in reading a note of AG pride in that sad fact?