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<blockquote data-quote="JustTired" data-source="post: 366092" data-attributes="member: 10234"><p>So, you are saying that nothing is taxed except the final product. So I could make the argument that if I buy a new monitor for my computer, that I shouldn't be taxed because it is of no use unless it is hooked to something. And, that being the case, it can not be considered a "final product" because it is of no use by itself.</p><p> </p><p>Companies that produce "final products" would not pay taxes on the components that make up the item? While this could result in a less expensive product, I don't have much faith in todays world that it would be the case. Remember, they wouldn't be paying taxes on profits and not paying the "fair" sales tax. Matter of fact they wouldn't be paying any tax whatsoever on the federal level. Not that it would be any different than it is today with loopholes and tax breaks.</p><p> </p><p>The definition of what can be taxed is the key. If I go to the store and buy a dozen screws, I will be taxed. If a company buys a dozen screws to complete their product, they should be taxed, too.</p><p> </p><p>I have no problem paying taxes. I just think everyone else should have to at all levels. No loopholes, no special treatment, no tax breaks for big business. If you're not going to tax income and profits, and instead tax products by sales, then all should pay when something is bought (personal or business) whether it is to manufacture a product or is the product itself.</p><p> </p><p>I agree something needs to be done to simplify the tax code. But, odds are that as simple as it could be, it will never happen that way. There will always be someone lobbying for consideration to their specific needs.</p></blockquote><p></p>
[QUOTE="JustTired, post: 366092, member: 10234"] So, you are saying that nothing is taxed except the final product. So I could make the argument that if I buy a new monitor for my computer, that I shouldn't be taxed because it is of no use unless it is hooked to something. And, that being the case, it can not be considered a "final product" because it is of no use by itself. Companies that produce "final products" would not pay taxes on the components that make up the item? While this could result in a less expensive product, I don't have much faith in todays world that it would be the case. Remember, they wouldn't be paying taxes on profits and not paying the "fair" sales tax. Matter of fact they wouldn't be paying any tax whatsoever on the federal level. Not that it would be any different than it is today with loopholes and tax breaks. The definition of what can be taxed is the key. If I go to the store and buy a dozen screws, I will be taxed. If a company buys a dozen screws to complete their product, they should be taxed, too. I have no problem paying taxes. I just think everyone else should have to at all levels. No loopholes, no special treatment, no tax breaks for big business. If you're not going to tax income and profits, and instead tax products by sales, then all should pay when something is bought (personal or business) whether it is to manufacture a product or is the product itself. I agree something needs to be done to simplify the tax code. But, odds are that as simple as it could be, it will never happen that way. There will always be someone lobbying for consideration to their specific needs. [/QUOTE]
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