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To: Your Nightmare

Churches would pay the FairTax on all their purchases that weren’t for resale. Kotlikoff estimated that non-profits, including churches, would have paid ~$36 billion in FairTax last year. A church could pay taxes now and speak about whatever they wanted.
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Sure they could renounce their tax exempt status and be free (This is a freedom issue) today ... but then they would be paying Income Tax... Did Kotlikoff also state that the same $36B is paid TODAY by non-profits in the embedded taxes on the purchases they make?? If not he is distorting the argument by discounting the current (hidden) taxation...

I am amazed at the lengths people will go in an attempt to retain the yoke and whip of the Income Tax.


58 posted on 01/12/2008 6:20:33 PM PST by Neidermeyer
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To: Neidermeyer
Sure they could renounce their tax exempt status and be free (This is a freedom issue) today ... but then they would be paying Income Tax... Did Kotlikoff also state that the same $36B is paid TODAY by non-profits in the embedded taxes on the purchases they make?? If not he is distorting the argument by discounting the current (hidden) taxation...
You're a classic FairTaxer. First you claim churches don't pay the FairTax then when you are shown that's not true - it doesn't matter because of embedded taxes.

He assumes - like most economists - that prices would rise by the full amount of the FairTax. BTW, his research was funded by the AFT.
61 posted on 01/12/2008 6:26:11 PM PST by Your Nightmare
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