"Sid9" sid9@ bellsouth.net wrote in :


"RD Sandman" wrote in message
...
"Sid9" sid9@ bellsouth.net wrote in
:


"gfn" wrote in message

m. ..
On May 27, 7:28 pm, RD Sandman
wrote:
"Scout" wrote
:











"gfn" wrote in message
.
co m..
.
On May 26, 6:52 pm, RD Sandman
wrote:
Gray Ghost wrote
6.97.142:

gfn wrote in
news:f287e735-90d5-42c1-a14d-55a606092fd9@
28g2000yqu.googlegroups.com:

wholesale = $50
compliance costs = - $23
FairTax = $23
sales and other taxes = $27

Unless they changed the rules of math by Congressionl
decree that's
$123.

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.

Didn't see any minuses in there. You think compliance costs
are just going to away?

No, he thinks that the fair tax will replace them as they will
no longer be needed. He mainly needs to use more accurate
numbers and understand that he cannot subtract 23% from an
item's cost, add stuff to it and still have it be 23% when he
puts it back in place. Either his first 23% is in error or the
second one is.

$22 million in research says otherwise. On average, every good
and service you buy contains 23% in embedded costs. Those will
go away as market forces take hold. That 23% is replaced by
the FairTax. Guys, this isn't that hard.

Ok, HOW exactly are these embedded costs going to just go away?

Do you think cost of compliance with EPA regulations is going to
be eliminated simply because you add yet another tax?

And where is the information that those costs total up to 23% of
the product cost. Tis awfully suspicious that the costs removed
equal the new costs put in when the new costs include all that
federal tax revenue that is currently being gathered.

Personal income tax - 45%
Payroll Taxes - 36%
Corporate income tax - 12%
Excise taxes - 3%
Other - 4%

http://tinyurl.com/6sdrrr

Some of those costs were already in the product cost so they
didn't go away.

I have no problem with the Fair Tax being calculated at 23% to
gather all that stuff in. The problem I have is the claim that
the cost for that stuff was 23% of the original product cost.
That is the only way to add 23% tax and come up with the original
cost for the product.

--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.

Go to http://en.wikipedia.org/wiki/FairTax. Specifically, the
section headed "Theories of retail pricing".

Wrongly titled the "Fair" tax should be labeled the "Unfair" tax.
Totally regressive it excuses the wealthiest among us.




Actually, it evens some stuff out. As he has noted, it is a sales
tax applied to purchases. The wealthy tend to purchase more items
and ones with a higher cost than poor folk do. After all, how many
poor folk purchase a 50' yacht from Broward Marine or Eggf Harbor?
The tax is based on the selling price of an item and is the same on
all items.

Ergo, those who buy more items or more expensive ones will pay more
tax.

Don't let your money envy and class jealousy blind you, Sid.

--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.

If a wealthy person makes $20 million dollars only that small portion
he/she spends is taxed.

Not with my tax proposal but under the Fair Tax, yes.

The unspent portion remains untaxed.
People who work at jobs are not granted such privileges
The "Fair" tax is inherently UNFAIR...it's a sales tax and is
inherently regressive.

There is a method in that Fair Tax for taking the regression out of it
just like there is in my flat income proposal. You need to read a little
further than just the first sentence.

We have a good system that has been picked to pieces over the years.

We have a system that contains knee jerks, adjustments, social
engineering, project financing, political party programs and all sorts of
other things. It requires thousands of pages of rules and even the IRS
can't keep coming up with the same answer to the same questions.

The income to works.

It needs to have much of its giveaways removed.

Oh, Sid, it doesn't address one of your hot buttons either......wealth.




--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.