To: kevkrom
there are some who frequent these threads who delude themselves into thinking that sales price and tax costs to the producer have no relationship. Yeah, but I don't see how it will work to the advantage of NRST. The tax is being paid whether it is coming out of income or consumption, and to be revenue neutral it has to be the same amount. You can't recoup those income taxes by cutting pay, because the guy whose pay you would be cutting still has to pay taxes.
60 posted on
04/23/2004 9:32:30 AM PDT by
hopespringseternal
(People should be banned for sophistry.)
To: hopespringseternal; ancient_geezer
Yeah, but I don't see how it will work to the advantage of NRST. The tax is being paid whether it is coming out of income or consumption, and to be revenue neutral it has to be the same amount. You can't recoup those income taxes by cutting pay, because the guy whose pay you would be cutting still has to pay taxes. Actually, it doesn't have to come out of pay -- there are costs associated with income taxes beyond the taxes themselves, the producers will save all of these costs. The sellers are compensated for colelcting and remitting the NRST by being allowed to keep a percentage of the taxes they collect (no unfunded mandate).
AG has the actual numbers.
62 posted on
04/23/2004 9:37:02 AM PDT by
kevkrom
(The John Kerry Songbook: www.imakrom.com/kerrysongs)
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