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To: lewislynn
Post #153 and the response to it Post #155 are all that readers need to know about you.

Realtors pay the Income tax now and under the Fair Tax they won’t. If they want to try and tack on 30% to their present fees, let them try. I guarantee there will be a competing real estate brokerage that will keep their fees the same under the FairTax on all new homes sales. And if there isn’t a nearby competitor then buyers and sellers are going to tell them to take a hike.

You’re blowing smoke here and getting nowhere.

Post #153 is all the people need to know about you.

159 posted on 05/12/2007 10:01:06 AM PDT by Hostage (Fred Thompson will be President.)
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To: Hostage
Realtors pay the Income tax now and under the Fair Tax they won’t.

Actually Realtors will have to submit 23% of their gross income for taxes since services are taxable under the fairtax. Technically, the consumer is liable for the tax though, the realtor will just have to provide the consumer with a proper sales tax receipt, collect the money, and remit the money to the government with the proper form.

160 posted on 05/12/2007 3:52:05 PM PDT by Always Right
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