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To: balrog666
"And before you bring them up, forget corporate income taxes since most small businesses are partnerships, LLC's or S-corporations and don't pay them. "

Nonsense, balrog666. In the different examples I've given that show the effect of cascading, embedded tax costs and how they affect prices, I have always shown hem to be BUSINESS income taxes - not merely corporate. he mechanism of artificially boosting prices is the same no matter the type of business entity nor does it matter whether they report and pay on a Form 1120, 1120S, 1065, 1040 or anything else. Those are still taxes derived from businesses and they go to boost prices adding nothing but increased costs for the consumer. With the FairTax, those are removed causing prices to decrease.

139 posted on 09/18/2005 10:29:39 AM PDT by pigdog
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To: pigdog
Nonsense, balrog666. In the different examples I've given that show the effect of cascading, embedded tax costs and how they affect prices, I have always shown hem to be BUSINESS income taxes - not merely corporate. he mechanism of artificially boosting prices is the same no matter the type of business entity nor does it matter whether they report and pay on a Form 1120, 1120S, 1065, 1040 or anything else. Those are still taxes derived from businesses and they go to boost prices adding nothing but increased costs for the consumer. With the FairTax, those are removed causing prices to decrease.

Wow, you truly are ineducable! Ask an accountant how much tax is paid via an 1120S or a 1065. Here's a hint: you can check the definition of zero at dictionary.com.

143 posted on 09/18/2005 11:41:02 AM PDT by balrog666 (A myth by any other name is still inane.)
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