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<blockquote data-quote="steeltoe" data-source="post: 675508" data-attributes="member: 9491"><p>Everyone needs to read the book. The poor will not pay a higher percentage of their income. Every family will receive a prebate based on the cost of neccesaties of life. This prebate is based on the poverty level of income. </p><p> </p><p>The basic concept is not that items that cost $100.00 now will have a 23% tax. We now pay what is called inbedded taxes for all products. These are the taxes that are paid to make products. Companies will no longer have payroll taxes. This will drive the cost of a $100.00 pair of tennis shoes down to about $82.00 because it no longer takes as much to make the $100.00 pair of tennis shoes. You may now pay a little over $100.00 for the shoes, but you bring home your entire paycheck.</p><p> </p><p>How can this not be a great idea? Think of all the guys cutting grass, working on homes, etc for cash under the table. They now have to pay taxes on everything they buy. More revenue that has never been collected. think of the people that visit this country on vacation. They now have to pay taxes on goods. It is a win -win.</p></blockquote><p></p>
[QUOTE="steeltoe, post: 675508, member: 9491"] Everyone needs to read the book. The poor will not pay a higher percentage of their income. Every family will receive a prebate based on the cost of neccesaties of life. This prebate is based on the poverty level of income. The basic concept is not that items that cost $100.00 now will have a 23% tax. We now pay what is called inbedded taxes for all products. These are the taxes that are paid to make products. Companies will no longer have payroll taxes. This will drive the cost of a $100.00 pair of tennis shoes down to about $82.00 because it no longer takes as much to make the $100.00 pair of tennis shoes. You may now pay a little over $100.00 for the shoes, but you bring home your entire paycheck. How can this not be a great idea? Think of all the guys cutting grass, working on homes, etc for cash under the table. They now have to pay taxes on everything they buy. More revenue that has never been collected. think of the people that visit this country on vacation. They now have to pay taxes on goods. It is a win -win. [/QUOTE]
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