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Replace All Federal Taxes on Income with the Fair Tax Act , HR 25 and S 122

Marilyn Rickert's Blog – April 2010 Archive (3)

FairTax Sponsored Tax Day Protest Rally

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Added by Marilyn Rickert on April 12, 2010 at 2:15pm — No Comments

How the FairTax pertains to rental property.

How the FairTax pertains to rental property.



The consumption of residential housing services is taxable. In renter-occupied housing the tax is collected on a monthly basis and in owner-occupied housing, the tax is collected up front when the home is purchased for the first time.



The landlord is a seller of housing services. He/she must register with the state sales tax collection agency and file sales tax reports (probably quarterly for a person who owns…

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Added by Marilyn Rickert on April 6, 2010 at 11:41am — 3 Comments

National Sales Tax: VAT vs FairTax

FairTaxers:



Yes, the press and politicians will probably refer to a VAT (Value-Added Tax) as a national sales tax, so it is important for FairTax supporters to understand the differences between the two so that we can answer questions from the public.



Actually, they have much in common, but the differences are critical.



Both tax final consumption only once.

They have the exact same tax base, if they both have no exemptions.

Business to business…
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Added by Marilyn Rickert on April 3, 2010 at 12:03am — 1 Comment

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