tag:blogger.com,1999:blog-3491947.post1754366689775215152..comments2024-02-16T12:42:07.549-07:00Comments on WeckUpToThees!: Thank Senator Enzi, updatedFûzhttp://www.blogger.com/profile/14010613957566817591noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3491947.post-65525784915704230052009-02-08T12:39:00.000-07:002009-02-08T12:39:00.000-07:00Steve, "personal purchases such as cars, furniture...Steve, <BR/>"personal purchases such as cars, furniture, toilet paper ect. from being included as business expenses."<BR/><BR/>If the retail sales tax is put in place, there's no incentive for a business to list anything as a business expense. No tax benefit to it. There will be temptation to buy things through the business and use them personally, and that will require enforcement, no doubt about it. <BR/><BR/>"By taxing used, the tax rate could be reduced" I kinda <B>like</B> the tax rate being high. One of my chief reasons to back FairTax is to stress how much the Federal Government is spending so We the Payers can pressure them to spend less and tax less. A high rate, charged once, can't be glossed over. A lower rate dissipated among many more transactions can be increased by stealth and can be explained away by doublespeak. <BR/><BR/>"all business purchase should be taxed except for raw materials and parts that make up the final product." That looks like a value-added tax. One business's product is another business's raw material. The book explains how this proposal differs from a VAT and why we want FairTax rather than VAT. <BR/><BR/>So I maintain that taxing once, on only new products and services, has to be maintained for the FairTax to work. <BR/><BR/>Am curious: why spare education?Fûzhttps://www.blogger.com/profile/14010613957566817591noreply@blogger.comtag:blogger.com,1999:blog-3491947.post-39370086611018072552009-02-08T08:57:00.000-07:002009-02-08T08:57:00.000-07:00I agree with all you are saying except for educati...I agree with all you are saying except for education. I do believe cost of education should be tax exempt. <BR/><BR/>But, here are two changes I would add to your list. <BR/><BR/>First, I believe a tax should be applied to every purchase; this includes new, used and service. I know the theory for not taxing used goods is to eliminate double taxation; but this would accomplish two things. By taxing used the tax rate could be reduced and it would also eliminate the incentive to sell new as used. Also, by taxing only new purchases, new home and new car sales will suffer. <BR/><BR/>Second, I believe all business purchase should be taxed except for raw materials and parts that make up the final product. This would prevent personal purchases such as cars, furniture, toilet paper ect. from being included as business expenses.steve kellerhttps://www.blogger.com/profile/07514921139714522565noreply@blogger.com