To: Always Right
Agree with you but on any $100 item you're probably paying $23 in hidden taxes that are being passed on to the consumer now.
To: hubbubhubbub
Agree with you but on any $100 item you're probably paying $23 in hidden taxes that are being passed on to the consumer now. Yes and no. The fairtax researcher who came up with that number did so by including taxes paid by the employees. Yes if you take all those taxes out, there might be 23% worth. But are employees going to take a pay cut? Are owners going to want to make less? No. Taking out income taxes paid directly by the employee, there is only about 7-8% hidden taxes.
To: hubbubhubbub
Agree with you but on any $100 item you're probably paying $23 in hidden taxes that are being passed on to the consumer now.
Bingo... goods, services and products will drop in price, as their is no more tax man in the middle putting his paws in it.
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