Re: (OT) Bet you're gonna wish for the Fair Tax now...


"The Pinnacle of Cynical [was LH]" <llllkkkldhzztrd@don'tspamstopthespamminggmailspot.com> wrote in message news:llllkkkldhzztrd-9526AB.02193503022008@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In article <60krvoF1qbgr4U1@xxxxxxxxxxxxxxxxxx>,
"Butters" <buttersrspw@xxxxxxxxxxxxx> wrote:

"Lord Gow333, Conservative Fullback!" <lordgow@xxxxxxxxx> wrote in message
news:13qab3qeq61ho57@xxxxxxxxxxxxxxxxxxxxx
>
> "Butters" <buttersrspw@xxxxxxxxxxxxx> wrote in message
> news:60k4bqF1r3pqlU1@xxxxxxxxxxxxxxxxxxxxx
>> "The Pinnacle of Cynical [was LH]"
>> <llllkkkldhzztrd@don'tspamstopthespamminggmailspot.com> wrote in >> message
>> news:llllkkkldhzztrd-0A7397.06270802022008@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>>> In article
>>> <b48b100b-0647-41ba-a9b2-44d23ffc4284@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
>>> "Torrey M. Spears" <nwophoenix@xxxxxxxxx> wrote:
>>>
>>>> On Feb 1, 10:38 pm, "The Pinnacle of Cynical [was LH]"
>>>> <llllkkkldhzztrd@don'tspamstopthespamminggmailspot.com> wrote:
>>>> > In article <13q7d6uks5jm...@xxxxxxxxxxxxxxxxxx>,
>>>> > "Lord Gow333, Conservative Fullback!" <lord...@xxxxxxxxx> wrote:
>>>>
>>>> >
>>>> > The cost of everything rising 30% will never work.
>>>>
>>>>
>>>> you, of course, understand the fair tax is a 23%
>>>
>>> Incorrect. It is 30%. The 23% figure is a lie from the proponents >>> of
>>> the fair tax. The price of an item is $1.00. After applying the tax >>> the
>>> price will be $1.30. That is an increase of 30%. The fair tax people >>> say
>>> "30¢ off of $1.30 is 23%." Well it is. But that isn't when the
>>> percentage increase was applied. It's a fucking lie. The government >>> gets
>>> 23%. From the new figure. The percentage of increase on the product >>> is
>>> actually 30%.
>>>
>>> consumption tax that
>>>> would be embedded into the cost of goods sold - i.e. a 50 dollar
>>>> camera would cost you 50 dollars, not 56.23 - and the 23% of that 50
>>>> dollars would be the consumption tax - which would go straight to >>>> the
>>>> gub'ment.
>>>
>>> Completely wrong. The price "embedded" would increase the price of >>> a
>>> product. The industries are not going to lower the cost of an item >>> and
>>> take the loss because they have the pay 23% of that to the >>> government.
>>> No. That $50 camera is going to increase 30% in price so that 23% of
>>> that will go to the government.
>>>
>>> So using your $50 example. The camera costs $50. Add 30% markup. >>> The
>>> sales figure on the floor will be $65. The government takes 23% of >>> that
>>> so that the retailer will make their $50 from it. What your >>> suggesting
>>> is complete bunk.
>>>
>>
>> I was under the understanding if the product has a price of $50 now,
>> it'll have a price of $50 in the future. The difference is the sales >> tax
>> gathered. Right now, I pay 7% in sales tax, so the items costs a total >> of
>> 53.50 after tax. With the fair tax, that $50 item after tax would cost
>> $65. The extra $11.50 goes to the government.
>>
>> Is this right? Gow, TMS? Am I off base?
>
> The sales tax you pay now is a state entity and will probably remain
> unchanged.
>
> The fair tax is deducted from the sale price by the merchant and sent > in
> to the government. You never see it happen. It would seem that the
> merchant would then have to raise his price to make the same money, but
> don't forget that he, the trucker, the distributor, the manufacturer, > etc.
> are no longer paying any income tax and are therefore not including > that
> into the price of their services. The item then arrives at the > merchant's
> door cheaper than it used to, so after he adjusts his price to cover > the
> FairTax you will pay about the same.
>
> LG

Thank yew! That's exactly what I was looking for. Not the answer so much,
but the brief, concise explanation. Need to check the book out agayne.


I also have a book for you about unicorns and leprechans.

Ya know, while I was on Amazon just now I noticed there was an opposition book about the FairTax so I checked it out. In the ranks of Amazon customers, hardly a Conservative stronghold, said book received no fewer than 20 one-star ratings out of 20. As you can not rate items at zero stars go ahead and draw you own conclusion.

The FairTax is coming, Bub. It's just a matter of when.

LG
--
Visit www.fairtax.org , sign the petition, and make America what it could be.

.

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