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To: valkyrieanne; lewislynn
Second, I see nothing to convince me that if a 23% tax is levied on *every* "new good or service for personal consumption" that that won't have drastic economic consequences.

And please don't be misled by claims of a 23% tax. NRST advocates use a deceptive method of calculation they call "tax inclusive" that works like this:

Imagine an item that costs $1.00, tax-included.
Under the NRST method, this means that 23¢ is tax that is collected by the government and 77¢ is the cost of the item due to the seller.
This is how they claim a 23% tax rate.
Yet most people would calculate this 23¢ as 29.87% of a 77¢ item. (Still producing a $1.00 total)

Ironicly, when challenged that the NRST proposal does nothing to reduce government spending, they claim that it makes taxes "more visible" to the taxpayers who would in turn demand a reduction in spending. Yet they hypocritically bury the tax in the purchase price of an item with this "tax-inclusive" pricing methodology!

386 posted on 02/09/2003 12:17:04 PM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
Under the NRST method, this means that 23¢ is tax that is collected by the government and 77¢ is the cost of the item due to the seller.

Well said, but I might add the tax is also hidden. Something the nst shills claim they will eliminate.

First of all, for example the tax is not imposed on the sale but "of the gross payment".

If a $100.00 (before tax) item in a state with an 8% sales tax is $108.00 including state sales tax. The $100.00 item after a "23%"(?) nst gross payment tax, would be:
$100.00 + state tax= $108.00
$108.00 plus 29.87% = $140.26 (gross payment)..that's $32.26 nst.

Don't beleive me?
$140.26 (gross payment)
Minus 23% (federal gross payment tax)= $108.00...($32.26 being 23% "of the gross payment").

Increasing the cost of Everything you spend money on (Remember, no exemptions) by 30%+ (not 23%), paying taxes on taxes gives you less, not more, disposable income.

Ironicly, when challenged that the NRST proposal does nothing to reduce government spending, they claim that it makes taxes "more visible" to the taxpayers

Also, the government taxes itself on purchases. Where does that tax money come from? (hidden tax) ..and worse yet they impose an additional excise tax on "any government"(local, state, federal) employee's wages salary and benefits increasing the cost of government payroll etc. by another 30%..A HUGE hidden tax that doesn't show up on any receipt you let alone one would otherwise throw in the garbage without looking twice at.

422 posted on 02/09/2003 3:44:09 PM PST by lewislynn
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