To: Mr. K
Again, No. the NRST is a replacement for the income tax, and that is why they're in the same terms. If you want to use ta-x exclusive terms (like sales taxes are quoted), let's start telling every american that pays a 25% tax rate thet they're really paying 33.33%. It's the same amount of money.
To: Remember_Salamis
We are replacing the current system BECAUSE it is so difficult to understand. I did not know, for example, that current tax rates are expressed in the 'tax inclusive' terms- and I doubt very many people here know what is their tax rate (in either terminology).
So... if the intent is to simplify the tax code, why use the more complex tax rate calculation?
97 posted on
04/24/2004 8:20:41 AM PDT by
Mr. K
(ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,I stole this cuz its funny,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø))
To: Remember_Salamis
Again, No. the NRST is a replacement for the income tax, and that is why they're in the same terms.
OK, since the NRST proponents think we have use the same terms to compare the sales tax to the income/payroll tax, my effective tax rate (income and payroll) on my income last year was 19.77%. The NRST is 23%. Does that mean I'll be paying more with the NRST?
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson