Quote:
Originally posted by GatorB
Ok if you are making say $7 and hour you get ZERO $ taken out for income taxes and $21 for FICA taxes. So out of $280 you keep $259. Now with this sales tax you get the whole $280 but if you spend $150 on food, clothing, toilet paper etc. You pay $35 in national sales tax. Exactly how are you coming out better?
If some one wants to buy a TV and they want a $500 TV but then they see they have to pay 23% sale taxe they aren't going t buy that TV they buy the $300 TV. This is good for the store selling the TV?
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you don't pay tax on food
the lower income get's a pre-bate check BEFORE they buy anything to cover their share of tax
if the poor doesn't buy a TV they can invest 100% of their money + the pre-bate money in whatever they want!
in my case I get to keep $xxxx more per month to invest in more websites... more advertising... which fuels the economy