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To: JayPC who wrote (3231)10/20/2001 1:10:23 AM
From: Don LloydRespond to of 24758
 
Jay -

But you are taxing the individual, not the product. If I buy a used car from a car lot, it's the first time I've bought it. If you are taxing the product, where do you start and stop.

Do resellers that add value pay tax on the products they buy?


If a used car is taxed every time it changes hands, soon most of its cost is effectively represented by accumulated taxes. One of the main purposes of a retail sales tax is to concentrate virtually all of the documentation requirements at the point of sale, where the requirements already exist in 90% or so of the states. Value added taxes are absolutely the wrong thing to do from many viewpoints.

Regards, Don