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Off Topic Discussion
OT: Fair Tax, VAT, Sales tax?
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<blockquote data-quote="Bud Williams" data-source="post: 866511" data-attributes="member: 66613"><p>Please get the Fair Tax books by Neal Boortz and John Linder.</p><p></p><p>Also go to http://www.fairtax.org</p><p></p><p></p><p></p><p>The Fair tax is designed to be enacted after the 16th amendmend is repealed,</p><p></p><p>I think 16th, so as not to create another tax without getting rid of the current tax code.</p><p></p><p></p><p></p><p>The VAT, or value added Tax is really horrible, not sure how that got "Value" into the name. it creates tax upon tax upon tax on all consumer goods. briefly how I understand it to work is like this,</p><p></p><p>You have a company that builds say a computer, every part bit and piece and subassembly</p><p></p><p>gets taxed along the way during the assembly process, so there would be separate tax on internal compoenents such as hard drive, motherboard, case, video card etc etc etc,</p><p></p><p>So when the computer is fully assembled and put on the shelf for sale, there would be an exponentially series of taxes which will of course get passed on to the consumer.</p><p></p><p></p><p></p><p>The Fair Tax is the only way to make a fair system for rich, poor and middle class.</p><p></p><p></p><p></p><p>Now is the time to act!</p></blockquote><p></p>
[QUOTE="Bud Williams, post: 866511, member: 66613"] Please get the Fair Tax books by Neal Boortz and John Linder. Also go to http://www.fairtax.org The Fair tax is designed to be enacted after the 16th amendmend is repealed, I think 16th, so as not to create another tax without getting rid of the current tax code. The VAT, or value added Tax is really horrible, not sure how that got "Value" into the name. it creates tax upon tax upon tax on all consumer goods. briefly how I understand it to work is like this, You have a company that builds say a computer, every part bit and piece and subassembly gets taxed along the way during the assembly process, so there would be separate tax on internal compoenents such as hard drive, motherboard, case, video card etc etc etc, So when the computer is fully assembled and put on the shelf for sale, there would be an exponentially series of taxes which will of course get passed on to the consumer. The Fair Tax is the only way to make a fair system for rich, poor and middle class. Now is the time to act! [/QUOTE]
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OT: Fair Tax, VAT, Sales tax?
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