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To: Mind-numbed Robot
The old car will not be taxed because all items are taxed at retail, paid when the car was new, and taxed only once, when it was new.

Sounds like you're up on this program. I don't understand why the old car wouldn't be taxed. Are you sure a consumption tax only applies on retail transactions? If so, why would a tenant pay the tax, or a landlord either (for that matter)?

55 posted on 08/11/2005 2:37:25 PM PDT by GVnana
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To: GVgirl
Sounds like you're up on this program. I don't understand why the old car wouldn't be taxed. Are you sure a consumption tax only applies on retail transactions? If so, why would a tenant pay the tax, or a landlord either (for that matter)?

I am certain about the car and confident about what I said about the rent, but not certain. I can't find rent in the book or on the web. I will try to find the HR 25 bill itself and see if I can find it. The reason I am confident is because what I told you is in keeping with the general principles of the bill.

57 posted on 08/11/2005 3:43:11 PM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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To: GVgirl

Keep in mind that this is a National RETAIL Sales Tax. Only new, retail items.


58 posted on 08/11/2005 4:05:01 PM PDT by ovrtaxt (Logic test: Pearl Harbor is to 911 as Harry Truman is to .....)
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To: GVgirl; Mind-numbed Robot

I don't understand why the old car wouldn't be taxed.

The tax has already been paid. "USED" by definition in the legislation = federal tax previously paid on item.

Are you sure a consumption tax only applies on retail transactions?

The legislation expressly exempts tax on purchases by businesses for business use.

If so, why would a tenant pay the tax, or a landlord either (for that matter)?

The tenant pays the tax on his rent because the tenant is the final consumer of the use of the property.

The landlord does not pay the tax, he collects it from the tenant and remits to the state sales tax authority, since the property is a business property held for legitimate business purpose collect tax on sale of product, as opposed to personal use and consumption when one pays tax with the purchase of product.

For example, if a business takes "used" personal or residential property on which prior tax has been paid and converts it to use in the business, the busines receives a business conversion credit for the prior tax as the product is incorporated & sold, or rented out profit in the conduct of that businesses commercial activity.

66 posted on 08/11/2005 6:35:22 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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