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re: National Sales Tax - why not?
Posted on 12/3/16 at 12:58 pm to tigerpawl
Posted on 12/3/16 at 12:58 pm to tigerpawl
I am a proponent of it. The negatives I have heard discussed are that it makes people less likely to make large purchases because of the substantial 25% tax put on the price tag. This would hurt the car mfg in the US. The counter to that is people don't care how much cars cost anyway, as long as their monthly payment is at a certain level.
Another negative that I do see the logic in is that the super wealthy spend more money, but a much smaller percentage of their actual income. While the tax would apply to the money the spend, it would not apply to the large portion of money they don't spend, and that would go untaxed. Whereas the average American that spends everything they make would end up being taxed on their entire income.
Another negative that I do see the logic in is that the super wealthy spend more money, but a much smaller percentage of their actual income. While the tax would apply to the money the spend, it would not apply to the large portion of money they don't spend, and that would go untaxed. Whereas the average American that spends everything they make would end up being taxed on their entire income.
Posted on 12/3/16 at 7:02 pm to Creamer
quote:
The negatives I have heard discussed are that it makes people less likely to make large purchases because of the substantial 25% tax put on the price tag. This would hurt the car mfg in the US. The counter to that is people don't care how much cars cost anyway, as long as their monthly payment is at a certain level.
The Fair Tax is better. Removed corporate and embedded tax. Allows car manufactures for example to bring products to market cheaper. When the higher tax rate is applied the consumer more or less spends the same amount they are now.
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