If the FairTax idea is implimented, there's the issue of all those businesses losing some domestic revenue (sales tax jacks up prices thus buying declines) yet gaining export revenue (no more profit taxation, capital gains taxation and as outlined in the FairTax proposal no business-to-business taxation. So what they're saying is I'm going to be paying a ton more for things I want/need but businesses will be paying nothing. Zip. Zilch. No kind of taxes for them at all. Do you really think they will pass that savings on to us, the consumers? I seriously doubt it.
When a tax plan comes along that taxes companies, corporations and other businesses who sole existance rides on MY money, but DOESN'T tax me at all, I'll be behind it. All this does is reduce the tax burden of average joe by a smidgeon and alleviate it altogether for all businesses. Where's MY total alleviation?
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timeasmymeasure
no subject
Date: 2004-08-12 09:05 am (UTC)So what they're saying is I'm going to be paying a ton more for things I want/need but businesses will be paying nothing. Zip. Zilch. No kind of taxes for them at all. Do you really think they will pass that savings on to us, the consumers? I seriously doubt it.
When a tax plan comes along that taxes companies, corporations and other businesses who sole existance rides on MY money, but DOESN'T tax me at all, I'll be behind it. All this does is reduce the tax burden of average joe by a smidgeon and alleviate it altogether for all businesses. Where's MY total alleviation?