Tuesday, April 24, 2007

193- TAXES GRT

ENOUGH OF THESE TRIPLE, QUADRUPLE TAXES ON THE SAME THING. ( GRT= Gross Receipt Taxes.)
Mr. M brews a bottle of beer in China, and sends it to Mr. W. on Saipan. Now Mr. W don't pay GRT's at this point because he has not sold anything yet, but wait. He pays import taxes, shipping taxes, tariffs, anything the govmt. can get their grubby fat hands on. Now this is not my point, it's from there onward. Mr. W. (wholesaler) sells it Mr D. (distributor) Mr. W. pays GRT's on his sale= gov. paid #1. Mr. D sells it to a Mr. M. (middle man) Mr. D pays taxes on, (not only his costs but his profit)= govt. paid#2. Mr. M. in turn sells it again to a retail outlet, Mr. R. Now Mr. M pays taxes on (not only his cost but his profits also) =gov. paid#3. Now I go to the retailer(Mr. R) and purchase this same bottle of beer, now Mr. R pays taxes, on (not only his costs but his profit too.)= gov. paid#4. Now I take it to the Midnight Karaoke and sell it to you. I now pay GRT taxes again,= gov. paid #5 (not only on the costs but the profits too.) The greedy government now has been paid 5 times on 1 bottle of beer. Now do you wonder why things cost so much?????? .......Good morning! ....GED.....

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