"Interesting angle: A consumer to non-consumer barter. So if Tiger is going to give GM $100,000 in endorsements, then GM better give him $130,000 worth of car(s), so when Tiger -- as the consumer of the car -- pays the FairTax due, he comes out even."
Replace All Federal Taxes on Income with the Fair Tax Act , HR 25 and S 122
Tom Goldie's Page
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Tom Goldie replied to chiefcook's discussion Is the Fair Tax due and collectable on "Endorsements"?"My thought would be that compensation would be income and not taxed until they spent it on a new house, a yacht, or a Bentley.
The vehicle GM bought would not be for business use and would be taxed when they bought it.
I think it's simpler to…"
Tom Goldie replied to Jim Tomasik's discussion We need to get Huckabee to talk to O'Reilly about the prebate!"Someone needs to kick Hannity's butt, too, and tell him that the poor DO pay taxes -- the corporate taxes built into the price of everything they buy. Sometimes Hannity is such a putz I can see people wanting to see him whine MORE about how…"
Profile Information
- Name or Internet Handle
- Tom
- City, Town or County
- Kingman
- State / U.S. Territory
- AZ
- Zip Code
- 86401
- U.S. Congressional District Number
- 2
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