What happened to embedded taxes? Recall the argument for a corporate tax cut. It will benefit the average working stiff because the taxes are embedded in the products they purchase and are taken out of their wages.
That was the basis for Herman Cain's 999 plan. It's also the basis for the Fair Tax which Ron Paul supports. In other words, the Fair Tax is not really a tax hike on the working stiff because the working stiff will get higher wages and lower prices.
This video fails to take those embedded taxes into consideration.
What happened to embedded taxes? Recall the argument for a corporate tax cut. It will benefit the average working stiff because the taxes are embedded in the products they purchase and are taken out of their wages.
ReplyDeleteThat was the basis for Herman Cain's 999 plan. It's also the basis for the Fair Tax which Ron Paul supports. In other words, the Fair Tax is not really a tax hike on the working stiff because the working stiff will get higher wages and lower prices.
This video fails to take those embedded taxes into consideration.
Ron Paul supports the fair tax?
ReplyDeletehttp://mises.org/daily/1814
The only fair tax rate is 0%.
ReplyDelete