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To: elbucko
Rent payments already include tax and tax costs that amount to 20-25% of the rent. Rent payments, like other prices, will remain stable under the nrst.

The nrst HR 25 is not an additional tax, it's a replacement tax.

If you would post some reason for thinking prices will rise, I'd like to read them.

358 posted on 03/08/2005 3:33:24 PM PST by Principled
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To: Principled; elbucko

Rent payments already include tax and tax costs that amount to 20-25% of the rent. Rent payments, like other prices, will remain stable under the nrst.

In fact any business property held for business purpose such as sale within two years after the implementation date of the NRST would receive a transitional inventory credit equal to the amount of NRST on the cost basis or market value of the property to the business.

Other credit available to business to assure grandfathered property and property on which NRST has already paid is not hit with the NRST a second time are the Business/Mixed use conversion credits available for any non-business(i.e. personal or residential) property converted to business use in a product, resale or rental assures that property carried over from pre NRST into the implementation of the NRST are free of prior taxes when applied to business use, or rental.

370 posted on 03/08/2005 4:40:22 PM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: Principled
Rent payments already include tax and tax costs that amount to 20-25% of the rent. Rent payments, like other prices, will remain stable under the nrst. The nrst HR 25 is not an additional tax, it's a replacement tax. If you would post some reason for thinking prices will rise, I'd like to read them.

You're obviously not a business owner or a renter. If you were, you could read your lease and find that taxes on rent are the renter's responsiblity.

Thus your rent will go up 30% if the NRST goes into effect. Period.

And as I have told you numerous times before today, you @ss.

384 posted on 03/08/2005 6:38:33 PM PST by balrog666 (A myth by any other name is still inane.)
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To: Principled; Ditto
If you would post some reason for thinking prices will rise, I'd like to read them.

Chaos for one. The drift I get from most of you is that you were either in school, worked for a large company, or were stoned during the 1970's when Nixon's, "Federal Wage and Price Control Act" was in effect. Disregarding the fact that the act itself was a disaster, as business man, and a small one at the time, it's implementation and compliance was horrendous. Prices did not remain stable but actually increased. The opposite of the intent was the actual product. I belive that is what will occur with a flat tax or an NRST.

454 posted on 03/09/2005 9:04:47 AM PST by elbucko (A Feral Republican)
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