Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Peter V Locke's Blog (1)
E-mail to Michael Medvid Sunday last
2008-01-25 E-mail to: Michael Medvid:
Michael,
'Heard you on Friday talking to a 'tax expert.' I was disappointed that neither you nor he seem to be aware of the 'FairTax' principle that nearly all INCOME TAXES plus PAYROLL TAXES are paid by everybody who makes a RETAIL PURCHASE. The only POSSIBLE source of any INCOME TAX or PAYROLL TAX, is the EMBEDDED TAX (23% if figured inclusively, 29% if figured exclusively) necessarily included in the price of everything we buy.
Turns… Continue
Michael,
'Heard you on Friday talking to a 'tax expert.' I was disappointed that neither you nor he seem to be aware of the 'FairTax' principle that nearly all INCOME TAXES plus PAYROLL TAXES are paid by everybody who makes a RETAIL PURCHASE. The only POSSIBLE source of any INCOME TAX or PAYROLL TAX, is the EMBEDDED TAX (23% if figured inclusively, 29% if figured exclusively) necessarily included in the price of everything we buy.
Turns… Continue
Added by Peter V Locke on January 26, 2009 at 10:47am — 2 Comments
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