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To: maine-iac7
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.

I've had it ALREADY taxed. Perhaps you people have a hard time understanding this because you have no savings -- but I do. It's already been taxed and now you want to tax it again when I spend it.

191 posted on 11/03/2004 2:00:40 PM PST by FreedomCalls (It's a joke, people!)
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To: FreedomCalls
Perhaps you people have a hard time understanding this because you have no savings -- but I do. It's already been taxed and now you want to tax it again when I spend it.

It is you who is pretending not to understand.

Savings, whether taxed under the income tax or the NRST, are treated the same with respect to fed income tax costs tax at the counter.

Under the income tax, you'll pay 22% in federal tax costs on every good and you'll pay 25% in federal tax costs on services. Under the NRST you'll pay 23% on items for retail consumption and services.

You're just pretending not to understand this fundamental concept - and beginning to look, well.... you're pretending.

214 posted on 11/03/2004 4:57:09 PM PST by Principled
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