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To: William Terrell
I will state it again, and if you do not understand you need to work on your reading comprehension.

If you go into a store and see an item that has a price tag on it of $100, when you go to the register, it will ring up for $100. The NRST is NOT added at the register. If a store elects to not reduce prices based on savings from the removal of the embedded taxes that is their choice. But it will also lead to them going out of business because their competitor across the street will do so to try and get their customers.

223 posted on 05/14/2007 7:49:57 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Phantom Lord
If you go into a store and see an item that has a price tag on it of $100, when you go to the register, it will ring up for $100.

And if you go to a store and buy $130 in your fairtax world, the receipt will say $100 for the item and $30 for the tax. Is that correct?

226 posted on 05/14/2007 8:07:23 AM PDT by Always Right
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To: Phantom Lord; Hostage
If a store elects to not reduce prices based on savings from the removal of the embedded taxes that is their choice. But it will also lead to them going out of business because their competitor across the street will do so to try and get their customers.

According to Hostage, if the buyer can put the higher priced item on a credit card, it will make no difference because the buyers paycheck is bigger.

260 posted on 05/14/2007 11:02:46 AM PDT by lucysmom
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To: Phantom Lord
The NRST is added at some time, yes? If the raw price, without any sort of taxes is $100 what will the final price to the buyer be from that $100, that which he pulls out of his wallet to pay for it, about $123 or $130?

Look, friend, just the fact that any time the NRST rate is quoted, it specifies "inclusive", not just 23%, is a rather large hint, don't you think?

If the real price that the buyer ends up paying is really $123 on a raw price of $100, you would just have said, "It's $123." That's all you have to say. The end, no further. Yet there is this political type two step around the question.

331 posted on 05/14/2007 5:22:27 PM PDT by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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