To: robertpaulsen
Currently, if my company buys something for resale, my company pays no tax. If my company buys capital equipment, it's tax deductible. So there's no "business-to-business" tax today.
I think you mean that my suppliers will charge me less for their products which means I can charge less to my customer. As I stated before, I don't believe it for a minute.
You're assumption of what you thought I meant to say couldn't be more off base. Corporations pay taxes to the IRS. This a cost that is passed onto all customers of that business, including other businesses. Each business in turn passes on that cost. The result is embedded/Value Added Taxes(VATS)at each stage of production. Companies are therefore paying a business to business tax. The Fair Tax will eliminate taxes on business transactions. Consequently all embedded/VATS will be eliminated.
47 posted on
04/22/2006 2:19:39 PM PDT by
Man50D
To: Man50D
"Companies are therefore paying a business to business tax."You're defining the business to business tax as the hidden corporate income tax built into the product I'm buying. Is that your own definition? And I was suppose to know that how?
Whatever. If I pay $100 for the product, how much of that $100 is this hidden "business to business" tax? Just an estimate will be fine so I know what you're talking about.
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