May 28th 11, 11:13 PM
posted to rec.radio.shortwave,talk.politics.guns,alt.fan.rush-limbaugh,alt.rush-limbaugh,alt.conspiracy
|
|
external usenet poster
|
|
First recorded activity by RadioBanter: Jun 2006
Posts: 8,652
|
|
The Flat-Tax+Plus2© Tax Equality System : Balanced 'Equal' Taxes Across-the-Board
On May 28, 2:14*pm, "Scout"
wrote:
"Sid9" sid9@ bellsouth.net wrote in message
...
"RD Sandman" wrote in message
.. .
"Sid9" sid9@ bellsouth.net wrote :
"gfn" wrote in message
..
..
On May 27, 7:28 pm, RD Sandman wrote:
"Scout" wrote
:
"gfn" wrote in message
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 tohttp://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.
|