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Price Versus Cost

Marie169 Wrote: Apr 18, 2013 8:14 AM
Income should never be taxed because that causes less legal work . The fair tax ( after a rebate for basic necessities ) is the best solution . The fair tax is completely voluntary and would fund the government .
Suppose you buy a gallon of gas for $3. How much did it cost you? You say, "Williams, that's a silly question. It cost $3." That's where you're mistaken, because there's a difference between price and cost. To prove that price and cost are not the same, consider the following. Suppose you live and work in New York City and routinely pay $15 for a haircut. Imagine you were told that there's a barber in Boise, Idaho, who can give you the identical haircut for just $5. Would you start going to the Boise barber? I'm betting you'd answer no because...
Related Tags: Taxes