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"Scout" wrote in
: "gfn" wrote in message .. . 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. |
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