Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Ditto
By the I and YOUR, I'm assuming you own a business?

I did, yes. There is also profit in selling a business.

Do you understand that under the NRST, your Federal Corporate/Business Taxes will end? No more, quarterly filings, penalties, or audits. No more withholding for Social Security + employee match, Medicare, etc.

That's just it, I don't ever belive it will be so and it is a folly to expect it. Then again, Reagan did defeat the Soviet Union, so miracles do happen.

Having lived in California that has had sales taxes since I can remember, I have been personally dissuaded from many a purchase by the sales tax on an item that I otherwise could afford and vice versa by customers. The regression in sales taxes is a fact. There is no way I would go along with an NRST.

I would, however, concede to the voluntary choice of a taxpayer selecting a flat tax or, filing a progressive return with deductions and exemptions, as long as it did not result in a tax that was less than the flat tax. I may not be as pro-choice regarding abortion, but I am about taxes. A sales tax to me, however, is the equivalent of abortion at birth.

267 posted on 03/08/2005 12:23:32 PM PST by elbucko (A Feral Republican)
[ Post Reply | Private Reply | To 222 | View Replies ]


To: elbucko
Having lived in California that has had sales taxes since I can remember, I have been personally dissuaded from many a purchase by the sales tax on an item that I otherwise could afford and vice versa by customers.

Really? Maybe you couldn't afford it/didn't need it in the first place. You simply hit your "marginal propensity to not buy" point.

You didn't answer as to how much it cost you to comply with the existing tax code?

Did you include your corporate income taxes and the employer portion of wage taxes as part of your cost basis?

308 posted on 03/08/2005 12:48:58 PM PST by Ditto ( No trees were killed in sending this message, but billions of electrons were inconvenienced.)
[ Post Reply | Private Reply | To 267 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson