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To: Always Right
....but the immediate impact is I am out of business as new homes will not be competitive with existing homes.

if the sales tax applies to new as well as old homes, this one flew right past me, unless you are saying that the 17% is not the sales tax itself on the purchase of the home but rather on the materials......

Ahhh, memories of being a gc. Bailing my drunk and disorderly subs out of jail, having drunk women show up on the jobsite screaming about no child support, and taking a roofer to the hospital for falling off a roof...... those were the days!

172 posted on 08/25/2005 7:46:38 AM PDT by chronic_loser
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To: chronic_loser

Dear chronic_loser,

Nothing "used" gets taxed.

Currently occupied homes sold by their owners (with or without the assistance of a Realtor) will not have the 30% retail tax applied to their sale.

Just new homes.


sitetest


175 posted on 08/25/2005 7:49:09 AM PDT by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: chronic_loser
if the sales tax applies to new as well as old homes

Sales tax will only be applied to new homes. What I am saying is, if the income and SS tax is repealed, I will at most see about a 10% savings in costs. When I add the 23% inclusive sales tax (30% sales tax when figured normally), my price will be 17% higher than today (0.9*1.3 = 1.17). My homes will be 17% more expensive then the same house I sold the year before.

182 posted on 08/25/2005 7:54:04 AM PDT by Always Right
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