O.K.
I’ll take the bait.
What should be the ONLY basis of federal taxation???
Full disclosure: I am not defending the current direct personal income tax, or any variant of it. I am asking what is it those opposed to the proposed legislation think is the ONLY legitimate way of assessing federal taxation???
To answer your question, I believe we should return to our Constitution’s original tax plan as our Founders intended it to operate. To review our Constitution’s original tax plan as it was intended to operate by our Founders see the submission offered by the American Constitutional Research Service, during the 1995 hearings on “Replacing the Federal Income Tax:
CLICK HERE and scroll down to page 687
JWK