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To: RKV
A number of us here have explained to you that the feds are NOT getting another 'shot' at taxing your savings.

Taxation costs estimated at 23% are already built into the cost of all goods sold.
Apparently neither you nor others here can understand our "simple declarative english sentences".

Don't worry, it's a quite typical reaction at FR, - whenever facts interfere with emotion.

193 posted on 11/03/2004 2:12:39 PM PST by tpaine (No man has a natural right to commit aggression on the equal rights of another. - T. Jefferson)
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To: tpaine
A number of us here have explained to you that the feds are NOT getting another 'shot' at taxing your savings. Taxation costs estimated at 23% are already built into the cost of all goods sold.

I support a national sales tax, but I have to disagree with you here. Of course the feds are taxing money twice if it was saved before the sales tax went into place:

Person A pays $25 on his earned $100 and saves it. After the NST, he spends his $100 on a widget costing $100 and pays another $25 in taxes. The widget costs $25 less than it used to. Person A has paid $50 in taxes but has saved $25 because of the lower widget cost.

Person B saves $100 without paying taxes. He spends his $100 on the same widget Person A bought and pays $25 in taxes. He enjoys the same lower widget cost but has paid half as much in taxes.

Any sales tax scheme will need to account for these differences. There are a ton of people with substantial Roth IRA (and other post-tax) savings that will be screwed (in relation to people without savings) under this scenario.

199 posted on 11/03/2004 2:46:26 PM PST by BearCub
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