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To: GregoryFul

Will my "after tax" dollars in my retirement savings be given similar favorable treatment?

You will receive the FCA, and overall you will be spending the same amount for a given basket of goods that you do today. Remember that 20-25% of consumer shelf prices are due to business taxes & costs related to them. Those business taxes are repealed under the NRST.

The reason for refunding NRST on old business inventory is to make sure you don't pay a double tax, NRST plus corporate income/payroll tax carryovers embedded in the price of goods.

162 posted on 05/30/2004 12:25:34 PM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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To: ancient_geezer
So how will businesses sell their old inventory, since it is 20-25% more expensive than newly minted product?

Incidentally, in Europe where they have a NRST, prices for comparable products are considerably higher than they are here.

174 posted on 05/30/2004 9:59:02 PM PDT by GregoryFul (who ya gonna call?)
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