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Do you actually, really, truly, positively know how much you pay in taxes every year? ... To begin with, you should understand one of the major differences by answering the following question: do businesses pay income taxes? ... The myth that businesses pay taxes. Under any tax system ever devised, businesses never have and never will pay taxes. The reality is that taxes, and the expense of complying with them, are a cost of doing business that is passed on to you - the consumer - in the form of higher prices. ... The national sales tax completely does away with these hidden-taxes by eliminating the corporate income tax and all compliance costs. The national sales tax also eliminates: personal income taxes, estate and gift taxes, most excise taxes, and capital-gains taxes. Imagine replacing all those taxes with one simple, easy-to-understand tax. ... Businesses do not pay taxes, they only collect them. Under any tax system, including the income tax, only consumers pay taxes because businesses have no one else to whom to pass them along. ... Federal, state, and local government must collect taxes on any sales and pay taxes on any purchase. ... A properly constructed national sales tax plan would replace all of the revenue from the individual and corporate income tax, transfer taxes, and most non-trust-fund excise taxes a single 15 percent flat-rate tax on the purchase of final goods and services at the retail level.
Approximate Word count = 1686
Approximate Pages = 6.7
(250 words per page double spaced)
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