on July 26, 2010 by admin in money, Uncategorized, Comments Off
‘Red Scares’
On 7/26/2010 9:28 PM, Michael Coburn wrote:
> On Mon, 26 Jul 2010 15:22:47 -0700, Larry G wrote:
>
>> On Jul 25, 9:27 pm, Dave Head
>>> On Sun, 25 Jul 2010 20:13:26 -0500, “bugo”
>>>> “Dave Head”
>>>> news:bhnp46teki6ftfe9lco9p88sg7a567u28m @&*$?%4ax.com…
>>>>> The Fair Tax is applied as a sales tax on new items and services
>>>>> sold at retail. Things sold at wholesale, or for use in commerce,
>>>>> are not taxed. So, Farmer Brown’s seed stock for the year is not
>>>>> taxed, nor is his tractor. The corn you buy from him is taxed since
>>>>> it is sold to you at retail. Every new item and every service, save
>>>>> one, is taxed. The only service not taxed is tuition.
>>>
>>>> So corporations get off scot-free.
>>>
>>> They always have. No corporation has ever paid a penny of tax. They’ve
>>> just passed that expense along to the rest of us who buy their
>>> products, and we pay it. THe corporation simply ends up being a tax
>>> collector, to the detriment of Ameican industrial competitiveness.
>>>
>>>> No wonder why you corporate-loving Repubs like it so much.
>>>
>>> Why would you not be “corporate-loving.” Where else do you think
>>> you’re going to get the good jobs to raise people out of poverty?
>>>
>>>> In your distorted world, corporations can do no wrong.
>>>
>>> Didn’t say that, but that’s no reason to hate them all because some of
>>> them do really nasty stuff.
>>
>> corps just pass on the taxes to the customers… that’s true.
>
> Nope.
Explain what source the corporation’s tax money comes from if it isn’t
coming from the customer.
Did they get a government grant to pay the tax or did the corporation
print the money to pay the tax?
The end result of a tax on corporations is that the customer pays the
money when they buy the toaster…. and the tax is “in” the cost of the
toaster.
Similar to a VAT, the corporate tax is hidden in the things the customer
buys.
That’s why I call Obama’s NEW VAT tax VAT^2 because essentially it will
be a VAT on what already is a VAT.
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