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To: Principled
The tax isn't "yours" lewis.
It's mine now untill it's determined how much I owe based on business expenses...Businesses don't pay income tax on gross receipts...A tax on gross income would only happen under your money grabbing plan...

Once again your ignorance of how the real world works is astounding.

If you want to see why, after 10+ yrs, the Fairtax hasn't gotten anywhere, look in a mirror.

79 posted on 04/16/2011 11:58:41 AM PDT by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: lewislynn
Businesses don't pay income tax on gross receipts...

Duh. They pay on income. Or is it the buyers of the lumber that actually pay Lewis?

80 posted on 04/16/2011 12:26:03 PM PDT by Principled (Get the capital back! NRST!)
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To: lewislynn
It's mine now untill it's determined how much I owe based on business expenses...

you must have missed that it was the nrst we were talking about. Under the nrst, business pays no tax. Under the nrst, business collects and remits [just like now] and business is compensated for doing so [unlike now.]

Anyway, don't you think a system that refrains from hiding taxes in prices and makes almost all tax visible and regularly paid will lead to downward pressure on taxes?

And wouldn't you like to sell your crap overseas for less - ie border-adjusted?

81 posted on 04/16/2011 12:32:59 PM PDT by Principled (Get the capital back! NRST!)
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