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To: lewislynn

Pre-tax utility prices would drop. Federal and State income taxes are part of the bill you pay today. Here is part of an article from David Cay Johnston on this issue:

Oregon Hearing to Look at Utility's Charging for Taxes It Didn't Pay
By DAVID CAY JOHNSTON

PORTLAND, Ore., June 9 - A state judge has ordered a regulatory hearing into whether Portland General Electric, a unit of Enron, fraudulently collected more than $665 million from ratepayers to cover corporate income taxes that Enron never paid.
Because utilities are legal monopolies, the prices they charge are set by state utility regulatory boards, federal and state corporate income taxes are some of the expenses to be included in rates paid by customers.


429 posted on 03/09/2005 7:23:45 AM PST by 4edm 4ever (Let's change the initials IRS to INS and send them to chase terrorists instead of working Americans.)
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To: 4edm 4ever
Pre-tax utility prices would drop.
They would drop and then they would rise immediately when they added the FairTax to the utility bills. They are taxable, too.
433 posted on 03/09/2005 7:32:39 AM PST by Your Nightmare
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To: 4edm 4ever
Enron, fraudulently collected more than $665 million from ratepayers to cover corporate income taxes that Enron never paid.

Your point is?

437 posted on 03/09/2005 7:49:06 AM PST by lewislynn (My other car is an XC90 T6 AWD....)
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To: 4edm 4ever
Pre-tax utility prices would drop. Federal and State income taxes are part of the bill you pay today.

Have you ever looked at a utility bill? Most are loaded with taxes (not income taxes) that won't be eliminated. Those taxes, regardless of what utility prices do, WILL be taxed under an NST.

438 posted on 03/09/2005 7:52:49 AM PST by lewislynn (My other car is an XC90 T6 AWD....)
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