Financial wealth, or JUST WHO SHOULD PAY FOR ALL OF THIS?
On May 27, 6:58*pm, "Scout"
wrote:
"gfn" wrote in message
...
On May 27, 5:46 pm, RD Sandman wrote:
gfn wrote
:
On May 27, 3:35 pm, RD Sandman wrote:
gfn wrote
innews:2bd8c587-d08d-465c-9e0a-ec529c2d92ba@
r20g2000yqd.googlegroups.com:
On May 27, 12:57 pm, RD Sandman
wrote
:
gfn wrote
innews:32f5e241-6e60-4d14-bfa8-cae2d3698f3e@
24g2000yqk.googlegroups.com:
On May 26, 8:06 pm, "Scout"
wrote:
"gfn" wrote in message
.co m.
..
On May 26, 4:04 pm, Gray Ghost
wrote:
gfn wrote in
news:cd664af5-c0a8-4200-a50e-2cdb60b5a
031
@w21g2000yqm.googlegroups.com:
On May 26, 3:20 pm, Gray Ghost
wrote:
gfn wrote in
news:5e36036b-9c38-4449-8578-
:
Under the FairTax
- * * wholesale = $50
- * * compliance costs = - $23
- * * FairTax = $23
- * * sales and other taxes = $27
- * * Grand total = $100
You are obviously a Democrat.
Then Herman Cain must be too because he supports the
FairTax.
--
Herman Cain for President! * * * * * * *http://
her
man
cain.c
om/
If you don't support him you are a Racist!!
He beat Cancer. He'll beat Obama (who is just like
cancer)
Remember Desert One, Carter 0? Ain't it sad to wish that
Obama had
as
muc
h
ambition but being glad he doesn't knowing he doesn't
have THAT muc
h
competence?
I refer to your math.
wholesale = $50
compliance costs = - $23
FairTax = $23
sales and other taxes = $27
Unless they changed the rules of math by Congressionl decree
that's $1
23.
You can refer to my math, in return I will refer to your
reading comprehension. *Was there something about "- $23"
(read minus $23) that you didn't get? *I guess the example
wasn't simple enough for you.
Yep, and HOW exactly do you assume that compliance with sales
and other taxes will suddenly be reduced to zero, when they
will still need to comp
ly
and that it will cost absolutely NOTHING to comply with the
additional FairTax imposed?
You need to understand what compliance costs actually are. *They
are the costs associated with complying with the federal income
tax on wages, regressive payroll taxes , the federal income tax
on wages, i.e. measuring, tracking, sheltering, documenting, and
filing our annual income.. *If those taxes are gone then just
what exactly is there left to comply with and how does that cost
any money?
There are also state compliance costs associated with state income
taxes for employees, inventory taxes, license renewals, etc..
*Fair tax does nothing about them. *In addition you also have some
compliance taxes fo
r
the operation of the Fair Tax....someone has to pay it.
Because that has to do with state taxes. *The FairTax is about
federa
l
taxation.
The point is that those costs are still there. *They were somewhat
amortized when combined with federal taxation but even if that goes
away, the mechanisms of collecting those taxes don't.
The costs of production are there. *The costs of compliance are no
longer there.
They are for state and local reasons. *The only thing that went away was
the federal requirement. *Some of those are also state costs and they
have to remain in place along with the compliance costs that they incur.
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