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To: Always Right

That’s right, realtors will submit the NRST under the FairTax bundled through escrow and they will not pay an Income tax.

Escrow or financing banks will be the NRST agents.

Should realtors not lower fees and require the buyer to pay NRST while the realtor simultaneously benefits from not having to pay income tax, the buyer is going to tell them to shove it. People are smart and will not put up with that nonsense.

Realtor fees will stay the same. It’s easy for people to figue out. The realtor is not paying income tax. Therefore people will know that realtor fees will come down to keep costs stable as the NRST is added on.


168 posted on 05/12/2007 11:05:59 PM PDT by Hostage (Fred Thompson will be President.)
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To: Hostage
Should realtors not lower fees and require the buyer to pay NRST while the realtor simultaneously benefits from not having to pay income tax, the buyer is going to tell them to shove it. People are smart and will not put up with that nonsense. Realtor fees will stay the same. It’s easy for people to figue out. The realtor is not paying income tax.

You can call it a sales tax, but from a Realtor's perspective it is a gross income tax. Sales Tax = Gross Income Tax on Businesses. And for people who provide services, it ends up being a much higher tax because there are not deductions for expenses.

171 posted on 05/13/2007 5:29:26 AM PDT by Always Right
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To: Hostage
Should realtors not lower fees and require the buyer to pay NRST while the realtor simultaneously benefits from not having to pay income tax, the buyer is going to tell them to shove it. People are smart and will not put up with that nonsense.

Besides, why should realtors lower their rate? Everyone else gets to take home more pay, why not realtors? They need to earn more to keep up with the higher prices too.

172 posted on 05/13/2007 5:31:29 AM PDT by Always Right
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