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Originally Posted by KMA-628
What is your opinion? I welcome any comments from people that are against a consumption tax, because it helps with my research. However: First, tell me if you think the current system is broke or not. Then, give me a possible solution. Believe me, I have read many, many cases made by people that are against such a system so I am familiar with their points of contention (i.e. Pelosi and McIntyre). In other words, I would like to hear more than criticism of a proposal, tell me your ideas.
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Before we can propose a more fair tax system I think it is important to understand how much taxes we are paying now. The following was asked in another forum a while back and was never answered as far as I know:
As far as folks objecting to a national sales tax or VAT. Don't we pay something like those already? Doesn't all the income tax that people pay show up in the price of goods and services already?
How much of the price of a loaf of bread (or any other good) is there because of taxes?
Income and other taxes are levied on all the following and added to the bread's price:
The farmer, all the equipment he buys, etc.., the farm worker, the shipping company and employees, the dock workers, the baker and employees, the packaging company and employees, more shipping company costs, the warehouse and employees, the grocery store and employees, etc...
After all these folks add the taxes they pay to the prices they charge, how much of it shows up in the price of bread? I would guess that we are already paying about a 90% (sales type) tax. I could be way off, and would be interested if anyone has run the numbers on something like this.