But they WON’T stop the income tax.
“But they WON’T stop the income tax.”
No. The thing about taxes, though, is that it’s not important how they’re collected, but rather how much is collected. Anything that helps ease the burden is fine by me. You may see it as the more kinds of taxes, the more taxes raised, but that’s not necessarily so. Adding a new tax on top of the income tax, the corporate tax, the capital gains tax, excise taxes, inflation, etc. may very well decrease the burden of all thos taxes, so long as it ais a politically useful tax. And a national sales tax could be politically useful, in that it’s regressive and would hit a majority of the electorate, so that it wouldn’t be any longer possible to pretend it’s just Fat Cats revolting against Washington.
If things don't change when you get out of college, you wont have to worry about income tax, there will be no job for you. Who do you plan on engineering for,builders of homeless shelters and prisons? 999 /fair tax will stimulate the economy and create jobs. Any businessman knows it by their own experience.
What kind of engineering are you studying?
An I beam has length, width, weight, and strength all to make up its load bearing. You can change one or the other and get the same results, just like three taxes or two to get an equal net tax. If they wanted to increase taxes, which is harder to increase it on 100% of the people who would be paying taxes under 999 or 50 % of the people who are paying taxes under our current system? Would you rather be on the same team as 100% of taxpayers or on the team with 50% of the taxpayers fighting the other 50%? for crumbs?
Don't forget unless the economy gets better no jobs no prosperity and no SS for you. What will happen to tax rate then?
http://www.miseryindex.us/urbymonth.asp
http://www.economicpopulist.org/content/u3-and-u6-unemployment-during-great-depression