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To: Remember_Salamis

if a retailer doesn't make any profit he'd still have to pay taxes?


283 posted on 08/01/2004 8:40:45 PM PDT by arielb
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To: arielb

Yes, if he spends money that he didn't earn.... (?!?)


289 posted on 08/01/2004 8:43:24 PM PDT by ovrtaxt (The Fleet Center? Isn't Fleet an enema company?)
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To: arielb

"if a retailer doesn't make any profit he'd still have to pay taxes?"

-- Under the FairTax, he would merely remit what he collected from his customers. How it will work is that the government will take 23% of total sales, not profits. It is up to the retailer to charge enough to compensate themselves. If that ends up being even, then you have no profit. If you make a profit, you don't even have to tell the government, jsut keep it for yourself. So as soon as you give the government 23% of your sales, your done dealing with taxes.


295 posted on 08/01/2004 8:48:24 PM PDT by Remember_Salamis (Freedom is Not Free)
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