Subj : Re: Um...no comment?
To   : richardw
From : Deuce
Date : Tue Sep 13 2005 01:01 pm

  Re: Re: Um...no comment?
  By: richardw to Deuce on Tue Sep 13 2005 10:54:00

 >  > The problem with income tax is that you need to pay the government for th
 >  > right to recieve money (possibly even assets... do you need to pay 10% in
 >  > tax on a house that's a gift?  10% of what exactly?  Who decides?)
 > 
 > Rules would need to be laid out... as we have here in the states now.
 > 
 >  > As for a flat 10% sales tax... do you mean on retail purchases only?  How
 >  > times can the 10% "flat" tax be charged on a single item?  Does it still 
 >  > as paid if I pay it on all the components of a computer, assemble the com
 >  > then sell it as a unit?  What if I sell the parts individually then sell 
 >  > labour for assembling it?  Does the 10% still apply to the components (ag
 >  > or just to the labour?
 > 
 > I believe the way it works here in Texas... if you're buying components to
 > resell after assembly, you need not pay taxes on them.  I'm not positive
 > on this.  Anyhow, that would mean the taxes are paid when the item is sold
 > to the end user only.
 > 
 >  > Do you expect to have a usefull military on either tax scheme?
 > 
 > Of course.

It has been estimated that to replace existing income tax, either income or
sales tax rates would need to be around 20%.

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