Liability
Locked Account.
If the guy that owns the restaurant is charging you (not counting any tip) say $100.00 for a fine meal with your date/spouse, what portion of that do you guys imagine constitutes the increased cost of every bit of that service caused by taxation? His building? Taxed? The wages he pays his employees? Taxed. The electricity he buys? Taxed. The other fuel? Taxed? The food itself, purchased wholesale? Taxed.
You are paying for that meal and a lot of the cost to you is to cover all the otehr assorted taxes that guy had to shell out.
But if you have a consumption tax, those amounts can be pretty well accounted for in advance, and the time spent on calculating taxes, and filling out forms, etc., etc., etc., will NO LONGER be included since such things no longer have to exist.
It might just be that if we went that route, the net cost to consumers would go down.
You are paying for that meal and a lot of the cost to you is to cover all the otehr assorted taxes that guy had to shell out.
But if you have a consumption tax, those amounts can be pretty well accounted for in advance, and the time spent on calculating taxes, and filling out forms, etc., etc., etc., will NO LONGER be included since such things no longer have to exist.
It might just be that if we went that route, the net cost to consumers would go down.