http://www.afpmo.org Jimmy Morris was kind enough to take time out of his busy schedule balancing 2 businesses to talk about what eliminating Missouri's income tax means for his business decisions, his business growth and bringing jobs and businesses to Missouri.
Lets assume we get the Missouri sales tax and the federal sales tax --both. Just to show you what happens.
A 5,000 dollar roof job would have a tax of 4,000 dollars for federal, and maybe 500 for state. Thats 9,500.
Lets say you got cancer - a 100,000 dollar disease -easy. Could be a million dollars. The federal Fairtax is on that - no exceptions at all. Could be 60,000 in sales taxes -- or 600,000.
Why should a person with cancer have to pay so much tax?
12FlyMe 2 years ago