OH MY WORD! YOU ARE CLUELESS!
The nrst, you say, won't affect you as the owner of a mfg outfit??? That is an idiotic statement. All of your ignorant huffing is shown clearly as true ignorance, again. I have a hard time accepting you are this dense.
1) under the nrst your co will no longer pay any income tax! "You wouldn't be affected" huh?
2) under the nrst your co will no longer have to collect any payroll taxes from wage earners' paychecks!"You wouldn't be affected" huh?
3) under the nrst, your co will no longer have to pay matching FICA to the feds! "You wouldn't be affected" huh?
4) under the nrst, your co will no have no need to have a budget item for tax compliance! "You wouldn't be affected" huh?
5) under an nrst, your co will not have to collect or remit ANY tax (you've claimed you sell to retailers, not to the final consumer)...so there is no tax at all related to anything your company does!!! "You wouldn't be affected" huh?
6)under an nrst, all of your employees would receive 100% of their check free of any federal deductions. The only deductions from anyone's check would be those the employees chooses to have deducted (retirement, medical, etc). NO TAX WHATSOEVER will come out of ANY employee's check! "You wouldn't be affected" huh?
It goes on and on. I am flabbergasted at your ignorance relating not only to the bill, but to the topic in general. You behave as if you're a dem shill with no idea of anything.
However, I would have to raise my prices to be able to aford what I'm used to buying with a 30% NRST. I guess you would say that could motivate me.
Talk about "not the sharpest tool in the shed"... that would be one way to describe you in regards to your posts on the subject.
Good grief, Will. I'll make this caps, bold and type it twice...maybe that will help.
YOUR COMPANY WILL NEITHER COLLECT NOR REMIT ANY TAX WHATSOEVER BECAUSE YOU DON'T SELL TO THE FINAL CONSUMER.
YOUR COMPANY WILL NEITHER COLLECT NOR REMIT ANY TAX WHATSOEVER BECAUSE YOU DON'T SELL TO THE FINAL CONSUMER.
No tax whatsoever - no income tax, no payroll tax, no anything tax.
Did you really not know this????????
However, I would have to raise my prices to be able to aford what I'm used to buying with a 30% NRST. I guess you would say that could motivate me.
Again, prices will not change. You seem to be under the mistaken impression that the nrst sales tax will simply be added to today's prices of goods and services. That's not the way it works. (I had to make sure you saw that last statement).
Prices of goods will not change much, if at all. And prices are just as likely to slightly fall as slighty rise.
You see, Will, prices will have 20-30% removed from them before the sales tax is added, obviously making prices about the same in the end result. Since there will be no income tax/compliance/fica costs associated with manufacturing, distributing, retailing, etc, the price component comprised of those items (20-30% - see numerous links to several sources on thread) disappears.
If you are foolish enough to think that retailers won't remove this component from price, then you are foolish enough to ignore the fact that comparable goods sell for comparable prices.
Proof by contradiction:
Suppose competition doesn't force prices to their lowest possible level providing acceptable return on investment. Well, if that were true, then you would see prices for milk anywhere from $2.50/ gal to $37.50 per gallon. This is a contradiction... milk prices are all about the same. Hence competition does force prices to their lowest possible level providing acceptable return.
I don't expect you followed that last bit, Will. But others will.
BTW you still haven't provided any data at all supporting your claim that FReepers are all rich.