Believe it or not as you like, but you're paying for the taxes that your supplier sends to the Feds even though you make not cut a check to the government.
That income tax money has to come from someplace ... or perhaps you think it grows on trees???
Believe it or not as you like, but you're paying for the taxes that your supplier sends to the Feds even though you make not cut a check to the government.But it's a lot less than the Fairtax, you said so yourself out of the otherside of your mouth.That income tax money has to come from someplace ... or perhaps you think it grows on trees???
"The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small. I gave an example of a $100 purchase that ended up with (very generously) a $3.75 tax revenue amount which, under the FairTax, would have been $23.00
It's built into the products I buy. But you're assuming that my supplier will lower his price to me if he no longer pays income tax. I say he won't. I know he won't if he's competing for my business with a foreign supplier.