Posted on 05/11/2007 5:30:56 AM PDT by Dick Bachert
So... what does that $100 "untaxed" item cost today? It's certainly more than $100...
Somehow I doubt that. I've seen how fast housing prices can move -- in both directions -- based on changing economic conditions, or even perceptions.
100% true. No doubt.
But when GM's tax return is 6 feet high and thousands of pages long, I wonder how much time and money was spent to complete it.
Tony Blair, and Gordon Brown will be very surprised to discover this. Along with the rest of parliment and the British people.
Sales taxes are a form of excise taxes, and were always constitutional.
The sweeteners (prebate, and socsec takeover) are actually deal killers for me. The prebate is unconstitutional government charity, as would be socsec after the Fair Tax pays for it.
Forced savings for retirement is a different issue, and objectionable on it's own. Converting socsec into private accounts is vastly preferred to making it a charity (which likely would result in eventually refusing benefits to anyone with a big enough pension/401/IRA).
Making paying taxes less onerous without reducing the overall flow of taxes to the government is counter-productive to reducing government, or making it accountable.
Because I see it as killing my business.
Bing bing bing bing! Personal greed and selfishness over what is really a better system.
And a $100 item today will be a $100 item tomorrow under the Fair Tax, not $130.
And that is but a small part of the entire picture. How much was wasted on avoidance efforts for example.
Only if everyone takes a paycut. Otherwise you are full of crap as usual.
Who remain, along with Tony Blair, subjects of the Crown.
Once again proving that "There are none so blind as those who will not see."
The Queen's word is still law? I am sure they will be surprised to hear that.
In a semantic sense they may be subjects of the Crown, but the Crown has no legal power over the country.
While you're still trying to figure that one out... also figure out how much someone needs to earn, before taxes, to pay for that $100 "untaxed" item (plus taxes).
Keep adding it up, and you'll see that that $100 item already costs $130 today.
Its STILL better than the income tax. And it still takes power away from politicians.
Which set of assumptions do you want me to figure it on. Wages stay the same, after tax prices go up. Wages are reduced, after tax prices stay about the same. Or some fairytax reality where everyone pockets more money and miraculously prices stay the same. It is a waste of time to compute anything if you are going to have fairytale assumptions.
I have posted several times the studies that show the impact is nil.
The cost of new materials will go down as well. I am working on a policy study to transition over three years on pricing so that the price volatility will be minimal.
Try to keep in mind that after one hundred years of the Income tax we have a society that is better quipped now to handle the FairTax through electronic networks. We should be able to advance our society forward rather than cling to a system that hurts people.
Post #96 for how new homes are not affected.
Whether it is included in the mortgage makes no difference.
The increase in monthly payments is more than offset by the increase in the paycheck.
So you are assuming workers will keep all the money so suppliers will not see those savings from the elimination of income tax? You do realize that means prices in labor, materials and supplies will not come down and will you add the sales tax on the end prices will go up?
I have posted several times the studies that show the impact is nil.
Because the study includes bogus assumptions. Unless workers take a pay cut in the amount of the income tax they use to pay, prices go up. There is no way around that.
The cost of new materials will go down as well. I am working on a policy study to transition over three years on pricing so that the price volatility will be minimal.
Good luck with that. When you get some realistic assumptions, get back to me.
http://www.fairtax.org/site/PageServer?pagename=about_faq
#17
How does the FairTax affect wages and prices?
Americans who produce goods and earn wages must pay significant tax and compliance costs under the current federal income tax. These taxes and costs both reduce after-tax wages and profits and are then passed on to the consumers of those goods and services in the form of price increases. When the FairTax removes income, capital gains, payroll and estate and gift taxes, the pre-FairTax prices of these goods and services will fall. The removal of these hidden taxes may also allow wages to rise. Exactly how much prices will fall and wages will rise depends on market forces. For example, in a profession with many jobs and too few to fill them, wages will likely increase more than in fields where there are too many employees and not enough jobs.
I can see you have no desire to understand and communicate. You just want to register your opposition based on what you believe whether or not what you believe is wrong.
I will communicate ‘bother’ you no further.
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