Re: The only way I'd go for this...

Post #12,488 by addison 10/9/01 4:40:00 PM Reply	Re: The only way I'd go for this... ...is if you included ALL personal transactions (including stock purchases, business purchases, etc) under the national sales tax. Part of the point being, you don't need to at that point. The sales tax, being uniform, gets you when you spend money. The more you spend, the more you're taxed. Remember, stock purchases and such are ways to make money, just like you sitting at work today (I presume you are). How you make it under a sales tax is irrelevant. Its when you spend it that its picked up. And one of the best benefits of it - is instead of having to deal with every single person filing income taxes, now you're dealing only with the sales taxes of the businesses - which are (relatively) easier to audit - and a lot less of them. I got more enamored of a sales tax after I opened a business, and believe me, S.C. is damnned serious about collecting. :) Addison
Post #12,594 by jb4 10/10/01 9:10:27 AM Reply	So if you SELL a stock... ...must you then collect (and, eventually distribute to the gov't) National Sales Tax (NST) from the entity that buys your shares? How 'bout that used car? Or Software consulting services? Or barter? To quote John Lennon in Yellow Submarine: "It sounds like it needs rehearsal." jb4 (Resistance is not futile...)
Post #12,609 by addison 10/10/01 10:47:23 AM Reply	I don't think so. must you then collect (and, eventually distribute to the gov't) National Sales Tax (NST) from the entity that buys your shares? I wouldn't think so. How 'bout that used car? Again, I wouldn't think so - tax was already paid on it. You'll be paying sales tax on the fuel, oil, and parts for said car. Or Software consulting services? Harder question, but it its true services, no different than what's now. Or barter? Nope. Just like now. But you'll have paid the tax on whatever you bought to barter with, or the raw materials (in most cases). The other cases are going to be limited enough that I don't think right now its a concern. Addison
Post #12,612 by Silverlock 10/10/01 10:53:00 AM Reply	Sales tax on used cars Don't know about other states, but Illinois requires the seller to collect sales tax on a used car. For every human problem, there is a neat, simple solution; and it is always wrong H. L. Mencken, Mencken's Metalaw
Post #12,620 by addison 10/10/01 11:16:03 AM Reply	Re: Sales tax on used cars Yes, I know sometimes that's required. In my system, I wouldn't (double taxation). Tax on the people buying from dealers (and used cars from dealers would be subject to taxation, I suppose). Doesn't change things all that significantly. Alternative: buyer pays ST when the car's registration changes. No need for adding new levels of bureaucracy that way. Addison

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