RadioBanter - View Single Post - Financial wealth, or JUST WHO SHOULD PAY FOR ALL OF THIS?

RD Sandman

"Scout" wrote in
:

"Sid9" sid9@ bellsouth.net wrote in message
...

"RD Sandman" wrote in message
...
"Scout" wrote in
:

"Sid9" sid9@ bellsouth.net wrote in message
...

"gfn" wrote in message
.
com ...
On May 27, 7:28 pm, RD Sandman
wrote:
"Scout" wrote
:

"gfn" wrote in message

s.c om..
.
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.

Sid isn't happy unless it's getting stuck to the wealthy to support
his poor ass.

Begorra, methinks you figgered it out.

.
.
I'm not poor.

I ride the tax gravy train same as you do.

Hmmmmm...

So why aren't you sending more of your money in?

I mean according to your assertions you're not paying enough in taxes,
so why don't you make a check out to the IRS for the extra that you
think you deserve to pay?

Are you telling us you're a hypocrite who refuses to pay as much in
taxes as he says he should?

Seems most of them are.

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

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