Well:
That is EXACTLY why we need the FairTax. EXACTLY!!
Posted on 10/09/2007 5:27:15 AM PDT by Man50D
You get paid too every time you post that stupid link?
Brilliant logic beyond words...
“...you will instead pay taxes when you consume things during your retirement.”
You already pay taxes in embedded federal taxes under the current system when you consume things. The canard of double taxation on savings was shot down long ago here.
The IRS will be left in place for three years post-enactment to collect all latent taxes from the Income tax era.
Here I find you have bitten into the misunderstanding or misleading “double taxation” of savings argument.
Right now when I purchase a latte at Starbucks or a Sommerfield Router table from Sommerfield Industries, or any retail product or service, I am paying the current tax burden not just of the retailer but of all the suppliers up, down and throughout the supply chain network tapped for bringing that product or service to market.
I am paying alot of federal taxes that are embedded into the price of all things I purchase.
Under the current system if I withdraw from my Roth IRA when I retire and buy that $900 router table I am going to be paying as much as $200 that Mr. Sommerfield and his suppliers and contractors pass on to me, as well as the federal costs embedded into his costs passed on by the entire supply chain that he uses to bring his products to market.
So the idea that I would not be paying taxes again under the current system is absurd.
Under the FairTax, Mr. Sommerfield’s tax burden is eliminated as are the tax burdens of all his suppliers and contractors, and their suppliers and contractors, and so on. But he is required as a retailer to apply the National Retail Sales Tax (NRST) to replace all those embedded taxes.
In a nutshell a simple example is as follows:
Supplier A 2% -> Supplier B 4% -> Retailer 16% -> NRST 0%
Supplier A 0% -> Supplier B 0% -> Retailer 0% -> NRST 23%
The FairTax is a replacement tax, not an additional tax. It shunts all embedded federal taxes to the retail end of the supply chain and replaces them with the NRST. It relieves American industry, freeing up time for more productive efforts and efficiencies. It also makes American products more competitive overseas where there is no NRST applied.
Now if you still buy the absurd double taxation argument I can’t help you because nothing is going to convince you otherwise.
But if you are receptive to learning things a bit deeper, then we can discuss the political downside of the FairTax and what is in works to turn that downside into an upside.
deck chairs/titanic.
end of discussion.
Which is larger, taxes paid by business or payroll? (remember, the employee gets 100% of his pay check under the FairTax)
That's absurd!
If I'm a home builder and the FairTax would make my life easier, but would also negatively impact the market for my product, would I vote for easy, or would I vote for staying in business?
The drug dealer is paying these federal taxes today -- they're embedded in the price of the item today.
It is generally agreed that with the FairTax, the employee will get his share of SS and Medicare in his paycheck, plus what would have been with held under the income tax. So business has no savings to pass on there, plus the 30% FairTax will be added to the final price of the good or service,
If an item is returned to the store, is it new, or is it used?
Are you now declaring this thread "dead" much as you did not too long ago when you were turned into pulp on another thread? You can try to ignore me all you want and beg your comrades to "notice" but real men debate. They don't hit and run. Nor do they brag about ignoring their opponents. FYI X, that's called losing the debate. LOL.
Why yes, this sh*t again until it is passed.
Then keep it that way.
Do not lie.
I have never ever said I like the IRS or the current tax system. Stop being such a scientologist.
If I can sell more product with the same or fewer employees I come out ahead. There is no reason the government should be a forced sharholder in my profits.
The fair sales tax continues to be a scam.
the fact you had to lie only shows how ridiculous the fairscammers have to be to get this passed.
So now you finally answer the question. So what did you do to get into trouble with the sales tax police? No wonder you hate the FairTax.
Well:
That is EXACTLY why we need the FairTax. EXACTLY!!
The 1991 luxury tax made life easy for 600,000 job holders too.
the 1991 luxury tax made life WONDERFUL for the lawyers setting up foreign corprations.
You have repeated this propaganda over and over. Please share with us the qualities about the FairTax that make it a more of a scam than the income tax.
What if a car is used as a demonstrator?
What if ALL cars are used as demonstrators?
ALL are tax exempt.
What if a PART is used.
What about leased items.
Remember when there was a tax advantage to leases vs buying. (copier salesmen were notrious for pushing that)
The is going to be an avoidance too that will be used on a MASSIVE SCALE.
wrong.
If I sell double with the same number of employees then I have lost profits. (and double the number of tax transactions) If I have the same number of employees now with more sales the cost is still fixed.
The sales tax TAKES profits that the government had nothing to do with producing.
more productivity should mean more profits not more taxes and more tax record keeping.
Again it just shows it Fair Sales Tax Scam is advocated by people who have no clue about work.
the prebate is a big scam. I just can’t see how that will work.
If it was just a very low sales tax, most people wouldn’t have such a big problem with it.
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