Posted on 11/03/2004 10:42:24 AM PST by tgusa
"I'm not exactly sure how big the national sales tax is going to have to be, but it's kind of an interesting idea that we ought to explore seriously," the president said. The next day administration officials said Bush was not considering such a reform.
John Kerry's campaign quickly condemned a national sales tax, and Bush for potentially supporting it.
“If [Bush] has his way, every trip to the supermarket will feel like a visit to H&R Block and every day will be April 15. And now that this plan has been exposed, George W. Bush is trying to mislead the public into thinking it was just an off-the-cuff comment," Kerry spokesman Phil Singer said in an Aug. 12 statement.
(Excerpt) Read more at foxnews.com ...
You can see state and/or local sales taxes on your receipt - but you cannot see the 22% of the price that is federal tax costs.
Receipts don't show federal tax. That's why you didn't know it was there.
The nrst doesn't change the amount of the tax, just makes it visible by printing it on the receipt.
That's good b/c people who don't understand taxes will then know how much they pay to feed the beast - which will lead to lower taxes imo.
if the sale tax replaces the income tax then your argument fails does it not?
and better yet how much tax you pay is in your total control, you can decide how much you are going to consume with all that extra money in your pocket........
A national sales tax would mean more IRS enforcement agents not less. The amount of cheating in a system like would be immense.
No more so than under the current income/payroll tax system.
Under an NRST collecting the same amount of revenues, the maximum marginal federal tax rate on goods and services is 23%. Their are 90% fewer taxpayers remitting taxes to government.
State agencies would not come anywhere near the requirements of the current tax system for enforcement.
Furthermore, under the income/payroll tax system the maximum marginal federal tax rate exceeds 40%.
I submit there is less incentive and greater risk of being discovered under an NRST, which would act to suppress cheating when compared to the current federal tax system.
Was the United States of America a poor country prior to 1913?
My understanding is the the 16th amendment does not require the IRS, merely allows it. Repeal could come later, to make sure it never springs up again, though.
Under the NRST, because all hidden taxes are eliminated the price of each car is $15,500. You'd pay a total $77,500 for the five cars. Plus pay $22,500 for the NRST..
Regardless of which tax scheme you use you get the five cars for $100,000 and are double taxed on that. Keep in mind that the NRST eliminates all federal income tax so the money you save will be pre-tax.
about mowing Mrs. Shipley's lawn for $10
in Canada really small businesses have an option, no you don't have to pay tax on that $10
if you make under $30,000 gross revenue you do not have to collect GST on your sales but then you are not allowed to obtain credit for the GST you paid on your lawn mower or gas for the mower etc......
but you know the regulation of this kind of stuff is getting out of hand, in Ontario, since business licenses were brought up...... our Worker's Compensation laws here are trying to broaden its purview at every turn (just another cost to do business here)
a private homeowner hired a roofer to fix their roof, the guy fell off the roof, the Workplace Safety and Insurance Board fined the homeowner $25,000 for not ensuring the roofer had valid worker's compensation insurance coverage....
so if you get the teenager down the road to cut your lawn for $10.00 and they get injured, now what? will you have the insurance company and workers compensation after you?
thanks for the link!
In regards to attracting businesses to set up shop in the U.S., the United States has a favorable competitive advantage in attracting a multitude of businesses -- small, medium and large. The economy booms. That's the big picture.
Negative volatility that may crop up would be trivial as many other problems are in comparison to the big picture. Problems seeking a capitalist solution.
Actually the argument does not fail. What about the money I already have in investments/the bank. I already paid taxes on that.
Not clear why no one on this thread has got my point. I do write simple declarative english sentences. 1) I already paid taxes on what I have saved. 2) Now you propose a sales tax to tax AGAIN what I have worked so hard to put away? 3) I am not a fan of the IRS/income taxes, but is it fair to tax people like me AGAIN?
You missed the point made that you already pay the taxed costs of anything you buy.
These taxation costs are built into everything we purchase ~now~..
-- Thus, you won't be taxed any more under the 'fair tax' scheme then you are now.
If the scheme works, overall taxation would be less than now. ---- And we would regain a private financial life, free of the IRS.
Agreed it would be great to get the gov out of my business.
No one seems to be able to explain to me why it is fair to give the gov another shot at my money.
A number of us here have explained to you that the feds are NOT getting another 'shot'.
Apparently you can't understand our "simple declarative english sentences".
Don't worry, it's a quite typical reaction at FR, - whenever facts interfere with emotion.
There are several republican senators who have been espousing this for over a decade now including Sen Luger, McCain,etc - and On the face of it, it sounds steep - but it's really not. It's less out of pocket than what they take now for income taxes. AND the rich have no loopholes...in addition, since they buy the higher ticket things - THEY pay more into the system. But necessities aren't taxed... With this system, YOU get to decide how you spend your money - and because the rich pay the same %, but buy more, pay more - more money actually goes to Washington.
In addition, Washington saves billions a year in NOT having to run the IRS AND the IRS is not used a weapon, rather like the old KGB, should you be on the wrong side of the fence politically (audits ring a bell?)...As an added incentive, we could finally rid ourselves of the IRS...
http://www.fairtax.org/
http://www.cdharris.net/text/taxreform.html
I agree - let's get this rolling! That way all the people that get illegal money (drug dealers, prostitutes, etc) will have to pay also. I'm tired of paying taxes for everyone. It's time they pay too!
No.
There wouldn't BE any Income Tax taken out of your pay - it would go into your pocket for YOU to decide how you spend it. You wouldn't pay on food and necessities - and you would control what you buy/spend. AND you wouldn't have to contend with the IRS...
You better believe they will be. -- So you do the smart thing & hire an illegal to do the work.
And bury him if he gets injured.
Time for another Boston Tea Party!"
forgot to put in a coupla sites for you to get a start at understanding the Fed Income tax - "a tax whose time has come"
Bye bye IRS!
http://www.house.gov/tauzin/cvr.htm
http://www.cdharris.net/text/taxreform.html
Apparently I am paying less in income taxes than I would under a NST.
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