One is a traditional retail sales tax, like the ones most states impose.
It is a key element of various forms of consumption taxes such as the National Retail Sales Tax (including the wildly misnamed FAIR tax).
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There often is debate about whether, if we went the national consumption tax route, a value-added tax (VAT) or retail sales tax (RST) would be better.
It also raises Virginia's retail sales tax on most items from 5% to 5.3%, with a further increase to 6% in the most traffic-congested regions to pay for local transportation projects.
But instead of presenting Americans with one well-thought-out proposal, Mr Armey will argue passionately for a flat tax while Mr Tauzin, with equal passion, will promote a national retail sales tax.
He calls it the 9-9-9 Plan, which consists of a brand-new retail sales tax layered on top of a new-and-improved business transactions corporate tax (a substitute for the current corporate income and payroll taxes), in turn layered on top of a new-and-improved comprehensive factor income tax (a replacement for the current mishmash of individual income and payroll taxes).
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But lower-than-projected retail sales per square foot and later-than-expected openings in nonrestaurant retail mean sales-tax revenue from the project will fall short of what is needed to cover the debt service on the city bonds issued to help pay for the district's development, according to Troy Schulte, the city's budget officer.
The Senate approved an amendment that called for making it easier for states to collect sales tax from online retail sales.
Hugely discounted goods at retail competed with free shipping and no sales tax from many on-line merchants.
It is not anything I have ever got involved in or studied closely, but I could see how sales tax compliance of a major retail chain would be a massive undertaking.
By raising consumption taxes on products and services targeting the affluent while reducing or maintaining income tax levels, the Chinese government has been able to sustain consumer confidence, increase spending (retail sales have risen 16-18% annually over the last three years), and get needed tax revenue for infrastructure projects required to maintain employment numbers.
In Virginia, GOP Gov. Bob McDonnell recently won approval for overhauling his state's highway maintenance system by raising diesel and retail sales taxes and creating a mechanism for a potential future gasoline tax hike.
Terry Duddy, chief executive of Argos' parent, Home Retail Group, said the strong sales meant the group's pre-tax profits were on course to beat forecasts.
And Jon Hurst, president of the Retail Association of Massachusetts, that is pushing to impose a 6.25% sales tax on Amazon purchases in the State, argues that the Supreme Court decision happened before e-commerce took off.
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