Posted on 05/03/2005 3:16:24 AM PDT by RobFromGa
Yeah, this'd put a hugh dent in yer Harley plans, eh?
Seriesly though, please tell us why you think it's "dopy."
This statement alone shows that Bartlett is either disingenuous or just flat-out lazy. The states only manage a reasonably effective income tax enforcement because they piggy-back off of the federal IRS. Without the feds providing the bulk of income tax information collection, the states would have to work much, much harder to maintain, let alone add, an income tax.
It was not the Fair Tax movement, but Dennis Haster who threw out the "23%" number on Foxnews H&C about a year ago.
I'm sorry if I'm not communicating well this morning I'm not saying that 23% of 100 is 29. I guess I didin't make it clear later in my post that 23% of 100 is 23 but we are not talking about straight percentages here were talking about taxes. if you go to thier website they will use the same numbers I just did to explain that as currently propsed the NRST is a inclusive Tax they want to charge a 23% inclusive tax on a retail purchase which is where they get that 129 number. So if you make a purchase of 100$ they figure the tax INCLUSIVE so you would pay 129 for you goods because 23% of 129 is 29 and 129-29=100 not like the exclusive state sales tax I pay here in Texas where if the rate were 23% (thank God it's not) the straight forward tax on $100 would be $23 for a total of $123 go to thier website and see for yourself.
#1, Unlike socialized medicine, which is a pretty poor idea with a couple of good points, this kooky scheme is not currently being used by anyone anywhere in the world....is it?
#2, This is a question, are the CSX's and Rockwell collins's and GE's and Aliant's of the nation jumping up and down to go to this method of taxation? If not, and I seriesly doubt I'm wrong, then this is #2.
(Think of it as one of your wind energy sites advocating the Fair Tax instead of wind energy. ;O)
I assume you have a point? Are we now going to use the EU's VAT as a reason for us to use something similar, but very much fundamentally different?
The NRST is not perfect. Very few are claiming it is. However, it is a heck of a lot better than our current progressive, socialistic income tax scheme. Kind of make you wonder why people need to make up lies about what it really does to bolster their arguments against it.
I know, as a small business owner, that my overall costs coupled with my costs of compliance are going to be as bad, if not worse, than what it costs me now.Do you do any processing of credit cards in your business? If so, do you mind sharing what your transaction fee is (I'm assuming it's a percentage of the transaction).
I don't think you'd know an awful lot about windmills or some of my other personal favorite study topics if I just pointed you to the source rather than answer any question that ever popped into your mind.
You're dismissed.
This statement alone shows that Bartlett is either disingenuous or just flat-out lazy. The states only manage a reasonably effective income tax enforcement because they piggy-back off of the federal IRS. Without the feds providing the bulk of income tax information collection, the states would have to work much, much harder to maintain, let alone add, an income tax.I've never bought this argument. The state seem to be able to run complicated sales and property taxes without piggybacking on the federal government.
That's certainly true. And, if you had the same level of expertise regarding windmills as I do on the Fair Tax, I'd be a lot better off if you'd just send me to a Web site.
Trite response. I should have known better than to expect more.
The article starts off with a lie (the NRST will top out at 23% - NOT 30%) and goes downhill from there.
The NST is "23% of the gross payment" (including everything in a "gross payment).
An item with a cost of $100.00 before federal tax would cost $130.00 (gross payment) after federal tax.
$30.00 is 23% of $130.00 (gross payment).
and goes downhill from there.
Where is that law written?
NRST proponents insist Amendment XVI must be repealed before NRST becomes an option. What am I missing?
I'm wondering why you responded that way. Maybe there's a communication breakdown somewhere.
I've always had reservations about this and now I can see several reasons why.
My main objection was that I think this would create havoc in the economy. Why mess with it now?
It sounds like in effect it would be a net tax increase when you add in things like services and state, local and business spending.
Also, a 30% tax rate is way high enough to give merit to the rampant evasion theory. From reading this article 30% now seems too high.
No. An item with the current cost of $100 drops to $77 after payroll taxes and corporate income taxes go away. At point of retail sale, that $77 dollar item is taxed back up to around $100.
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