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Welcome to SportTrac.Org
Off Topic Discussion
OT: Fair Tax, VAT, Sales tax?
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<blockquote data-quote="Tom Schindler" data-source="post: 866521" data-attributes="member: 56140"><p>The individual state would still have to generate revenue.</p><p></p><p></p><p></p><p>The price of the things you buy would go down since corporate taxes is not paid by corporations, but by the end consumer. At the same time, we would be paying a little more than we are paying now for the goods we buy.</p><p></p><p></p><p></p><p>i.e. A $20,000 car would cost about $17,000 after corporate taxes are aboloshed. Then you add a fair tax to that $17,000 of 23% tax would cost $20,910.</p><p></p><p></p><p></p><p>Before you get upset at the prospect that stuff is gonna cost more, don't forget, if you make $20.00/hr, your bring home pay will be $800.00/week because income taxes are gone.</p><p></p><p></p><p></p><p></p><p></p><p>Tom.</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 866521, member: 56140"] The individual state would still have to generate revenue. The price of the things you buy would go down since corporate taxes is not paid by corporations, but by the end consumer. At the same time, we would be paying a little more than we are paying now for the goods we buy. i.e. A $20,000 car would cost about $17,000 after corporate taxes are aboloshed. Then you add a fair tax to that $17,000 of 23% tax would cost $20,910. Before you get upset at the prospect that stuff is gonna cost more, don't forget, if you make $20.00/hr, your bring home pay will be $800.00/week because income taxes are gone. Tom. [/QUOTE]
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Off Topic Discussion
OT: Fair Tax, VAT, Sales tax?
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