not necessarily. for example a component X might cost Y dollars, which the manufacturer arrives at by the cost of materials plus the cost of labor. in this cost of labor are some embedded taxes in the form of payroll taxes that the manufacturer has to pay for each of its employees (before the employees get to pay their own taxes on what's left over!). repealing the 16th amendment eliminates these taxes and so the "cost" of manufacturing goes down, which follows that so do the prices, or that manufacturer finds they've priced themselves out of the market since every competitor also now has lower operating costs.
In the UK, the VAT is 17.5%. That's a pretty big hurdle, and they have a whole slew of other taxes as well.
As written, there would only be a national sales tax of 23%. By replacing the income tax with a sales tax, companies no longer have to pay the "embedded" taxes of payroll tax etc, so cost of manufacturing drops by roughly 22%, effecting about a net 1% increase in price of goods as compared to today's prices. Not to mention the prebate that everyone will get... it's such a win for everyone, especially those on the lower income strata.
no matter how many times they say it will replace the income tax I don't believe it. The tax will creep up.
Well, the only way I would vote for the FairTax is as it is written in HR 25, which is to repeal the 16th Amendment. No more federal income tax period. As for state income tax, the book explains why states would follow suit in dropping it but I don't remember the reasoning off the top of my head.
In FL, don't you also have an intangable assets tax?
Not that I'm aware of... we don't file any sort of state tax on April 15, just the federal.
>> The fair tax penalizes people for spending money
I suppose you could phrase it that way, but it certainly doesn't impede my spending here in Florida, which only has a sales tax in lieu of a state income tax.
After having read the book it seems to make a lot of sense.
I'm sounding like a broken record. Once again, passing of the Fair Tax ( http://www.fairtax.org/ ) would fix this. Our current tax code punishes us as individuals and businesses for making money. The FairTax would turn the U.S. into the world's biggest tax haven, and businesses would be seeking to make the U.S. their home rather than fleeing it.
Well you must have some incredible insight, because the article doesn't say much more than
"We expected dust devils, but we are not sure how frequently," said Phoenix Project Scientist Leslie Tamppari of NASAâ(TM)s Jet Propulsion Laboratory, Pasadena, Calif. "It could be they are rare and Phoenix got lucky. Weâ(TM)ll keep looking for dust devils at the Phoenix site to see if they are common or not."
The dust devils that Phoenix has observed so far are much smaller than dust devils that NASAâ(TM)s Mars Exploration Rover Spirit has photographed much closer to the equator.
That's assuming the conditions at the destination are the same as during the journey. Suppose they adapted to constant UV bombardment during the journey only to be dropped into boiling oceans of sulfuric acid when they arrive.
OK, so now that sunrocket's "24-7" customer service line promptly hangs up on you, WTF do we do about getting a refund? they just charged me last month $199 for my renewal.
if anyone actually RTFA, you'd know that the ship with the faulty antenna is a trash barge that's going to burn up in the atmosphere as soon as they can hammer the antenna out of the way, or cut it off. i'm sure they wouldn't try to fix the ISS's communications antennae with a hammer and chisel.
are you opposed to an internet based solution? i believe this was/.ed recently:
http://www.carbonite.com/
unlimited storage for $5 / month.
you'll be clogging the internet tubes though...
holy paranoia batman! how about: don't believe a "your account needs to be verified" page when you click some link in a spam or a pr0n site;-)
the only time i ever log into paypal is when i TYPE paypal in the address bar.
sorry, i just don't see how this is a useful feature for any browser... why do i need a thumbnail preview when i can just *CLICK* the tab to see it? is it saving me that much time?
the machines are configured in series...we are the #1 or 2 producer of mail in Gainesville, FL - only the University of Florida produces more if they aren't #2.
Slashdot Mirror
I'm safe - I'm still on Office 97
it decompiles.
i think an open source government would be great - if you don't agree, you can go fork yourself.
not necessarily. for example a component X might cost Y dollars, which the manufacturer arrives at by the cost of materials plus the cost of labor. in this cost of labor are some embedded taxes in the form of payroll taxes that the manufacturer has to pay for each of its employees (before the employees get to pay their own taxes on what's left over!). repealing the 16th amendment eliminates these taxes and so the "cost" of manufacturing goes down, which follows that so do the prices, or that manufacturer finds they've priced themselves out of the market since every competitor also now has lower operating costs.
As written, there would only be a national sales tax of 23%. By replacing the income tax with a sales tax, companies no longer have to pay the "embedded" taxes of payroll tax etc, so cost of manufacturing drops by roughly 22%, effecting about a net 1% increase in price of goods as compared to today's prices. Not to mention the prebate that everyone will get... it's such a win for everyone, especially those on the lower income strata.
Well, the only way I would vote for the FairTax is as it is written in HR 25, which is to repeal the 16th Amendment. No more federal income tax period. As for state income tax, the book explains why states would follow suit in dropping it but I don't remember the reasoning off the top of my head.
Not that I'm aware of... we don't file any sort of state tax on April 15, just the federal.
>> The fair tax penalizes people for spending money I suppose you could phrase it that way, but it certainly doesn't impede my spending here in Florida, which only has a sales tax in lieu of a state income tax. After having read the book it seems to make a lot of sense.
I'm sounding like a broken record. Once again, passing of the Fair Tax ( http://www.fairtax.org/ ) would fix this. Our current tax code punishes us as individuals and businesses for making money. The FairTax would turn the U.S. into the world's biggest tax haven, and businesses would be seeking to make the U.S. their home rather than fleeing it.
"you ladies" - new here?
the FairTax would solve the problem of companies fleeing the US for less punishing taxation.
So now even NASA is into rehashing old news. Dust devils were filmed by the Spirit rover in 2005: http://marsrovers.jpl.nasa.gov/gallery/press/spirit/20050819a.html
That's assuming the conditions at the destination are the same as during the journey. Suppose they adapted to constant UV bombardment during the journey only to be dropped into boiling oceans of sulfuric acid when they arrive.
System message: topic devolution complete.
"The 5000-square-foot house will appear normal from the outside".... just like everyone else's 5000 square foot homes ;-p
>> c'est la vide, i believe is the saying no, that's "it is empties it" according to babelfish. i think you mean "c'est la vie"
Boobies.
Global warming has put out the sun!
OK, so now that sunrocket's "24-7" customer service line promptly hangs up on you, WTF do we do about getting a refund? they just charged me last month $199 for my renewal.
why not #1337
if anyone actually RTFA, you'd know that the ship with the faulty antenna is a trash barge that's going to burn up in the atmosphere as soon as they can hammer the antenna out of the way, or cut it off. i'm sure they wouldn't try to fix the ISS's communications antennae with a hammer and chisel.
are you opposed to an internet based solution? i believe this was /.ed recently:
http://www.carbonite.com/
unlimited storage for $5 / month.
you'll be clogging the internet tubes though...
holy paranoia batman! how about: don't believe a "your account needs to be verified" page when you click some link in a spam or a pr0n site ;-)
the only time i ever log into paypal is when i TYPE paypal in the address bar.
sorry, i just don't see how this is a useful feature for any browser... why do i need a thumbnail preview when i can just *CLICK* the tab to see it? is it saving me that much time?
yeah, let's just toss the last 25 years of debugging and write a whole new OS... that *surely* won't have any holes in it
the machines are configured in series...we are the #1 or 2 producer of mail in Gainesville, FL - only the University of Florida produces more if they aren't #2.