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Overall 2008 debate winners?

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RE: They just won't let you do it.

Comment comment by Brandon on 08 February 2008

Aside from the urge to do a great deal more fist shaking, I wonder if this is yet another benefit of the Fair Tax. You pay taxes exactly when you buy something, so there is no issue of either the government or the citizen holding on to the other's money too long.

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RE: They just won't let you do it. by gnifyus :: NR7

FairTax. I don't know. Here is a FairTax Calculator which when I put in some of my own numbers in, seems to add up to a lower tax rate. I'm all for it in that case, as long as the country can survive. I'm a little confused on the used goods exemption. If I buy a car that someone owned for 3 months, do I have to pay any taxes at the point of sale? I can see a lot of slightly used cars, boats and RV's on the market if that's the case.

Posted 08 February 2008, Hide, Parent, Reply