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<blockquote data-quote="toonertoo" data-source="post: 255213" data-attributes="member: 1944"><p>No one will have deductions anymore!!!!!!!!!!!!!!!</p><p>It will be up to you to spend like the 15-20% of your check you never see!!!!!!!</p><p>LKLND3380, I have always read and enjoyed the wisdom in your posts, you need to read up on this and get others on board. I think once you do, you will be all for it! You are obviously a leader.</p><p> </p><p>food and clothes will be included, there will be a flat tax on <strong>everything. But lets say you make 350 pw, and you pay 100 in taxes........fica, and federal..But the flat tax will be approx 23%. So that week all you buy is 50$ in groceries, so your bill will be 62.50. So you have paid 12.50 in taxes that week vs 100. </strong>So in September you are looking at the 2009 cars and if you buy a 30k car, you will pay, 6900 in tax, pretty steep, heh? Not really...You would have paid 6 to 13 % anyway depending on where you live, and on top of that they would still be taking the 18-25% out of your check, and on all the other taxes anyway. But you decide to buy the 2008 model which has just a few miles, guess what NO TAX!!!!!!!!! No tax on used merchandise. I by far am no expert. But check out the site, or the book by Neal Boortz. And then let me know what you think. Have a great one. tooner</p></blockquote><p></p>
[QUOTE="toonertoo, post: 255213, member: 1944"] No one will have deductions anymore!!!!!!!!!!!!!!! It will be up to you to spend like the 15-20% of your check you never see!!!!!!! LKLND3380, I have always read and enjoyed the wisdom in your posts, you need to read up on this and get others on board. I think once you do, you will be all for it! You are obviously a leader. food and clothes will be included, there will be a flat tax on [B]everything. But lets say you make 350 pw, and you pay 100 in taxes........fica, and federal..But the flat tax will be approx 23%. So that week all you buy is 50$ in groceries, so your bill will be 62.50. So you have paid 12.50 in taxes that week vs 100. [/B]So in September you are looking at the 2009 cars and if you buy a 30k car, you will pay, 6900 in tax, pretty steep, heh? Not really...You would have paid 6 to 13 % anyway depending on where you live, and on top of that they would still be taking the 18-25% out of your check, and on all the other taxes anyway. But you decide to buy the 2008 model which has just a few miles, guess what NO TAX!!!!!!!!! No tax on used merchandise. I by far am no expert. But check out the site, or the book by Neal Boortz. And then let me know what you think. Have a great one. tooner [/QUOTE]
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