Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Raising CAIN? A Critical Look At Policy; entered at 2011-10-15 19:05:40|
"Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher."|
Granny lived during the best time in the history of the planet to get a good job.....Right out of highschool, and to "risk free" invest, and got on the top of the Social Security Ponzi Scam. With this new tax plan in place and thier(grannies) financial life/opportunities, I would trade places with granny in a secound!
Sorry granny you are going to have to pay 9% sales tax to get your grandchildren out from under tax slavery, enjoy you pension+ 401K+ Social Security+ Return on your investments.
many people are already paying 10% or over in state sales tax
Really??? Name ONE state where this is true. Tennesee has the highest in the COUNTRY with 9.75% combined state and local WITH no Income tax, and I would not trade that for an income tax.
Last modified: 2011-10-15 19:11:54 by 1lumpor2