Quote:
Originally Posted by Egg
In a recession, sales taxes should if common sense prevails, go down. The less some thing costs, the more willing people are to spare some of their budget in order to purchase it.
Make this tax go too high, and people will stop buying what ever you just raised the tax on. So in short, instead of having the 15% sales tax and the item being sold, the retailer is left holding an unsold item and the tax man recieves 0% of fresh all nothing because he taxed it out of peoples reach.
Fools, or, they are very wise. Think about it.
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good point egg as most of us now have little or no extra cash does this mean that the necessities of life are now to become taxable items. Because i can see that I`m going to be purchasing anything new If I need something I`ll look for used Items for sale under articles for sale in the local paper. All that is going to happen by doing this is feeding the underground economy