Posted on 03/31/2005 4:42:13 AM PST by CSM
For your ping list.
This idea is very intriguing. It never seems to catch on however. I don't know much about it, what are the downsides? It seems like it would save us billions, and allow us to control, to some exstent, how much we are taxed.
I support this.
Forget Social Security for now.
Tax reform can make the GOP the majority party for decades to come.
Right up your alley. Are you going to be able to make it to DC on April 7?
What happens to all the accountants, tax attorneys and other people working in the financial industry that have to deal with taxes?
Guess they will have to do somthing differant.
gee to bad.
The way that I think of government is that they are good at national defense and building roads. Everything else they screw up, especially education, social security, and health care. Just realize that whatever money they suck out of us WILL be wasted and spent inefficeintly.
Final thought. I caught the statement about giving some kind of break to low income people. One could argue that corporations will also realize a tax break and pass it along to consumers in the form of lower prices.
There is no need for new legislation. Just abolish the IRS and return to tariffs. Tariffs are a sales tax on imports. Tariffs hamper globalism.
I think the downside is that the 23 percent could easily be raised. Also people would start to barter to avoid paying the sales tax.
The down side is that it probably puts lots of tax lawyers out of business!
A NRST allows the federal government to take money from state citizens and redistribute it back to the states in exchange for control.
The downside is the high percentage, but that is more of an indictment on the current scope of the government. The upside is that everyone will be forced to face the fact of the cost of our government.
"Tariffs hamper globalism."
Are you supportive of protectionism? Are you advocating a reduction in our participation in the global market?
Not necessarily. A national sales tax, depending on the rate, could create a vast underground network of products and services.
That said, I could support a national sales tax IF the legislation was coupled with either an elimination of the federal income tax or a reduction to a flat rate of around 5 percent.
Well, they already do that.
Simple. Instead of wasting all their (and the companies) valuable time screwing around with the complicated and endless IRS code, they can devote their time and talents to the company. No wonder so many companies in this Country fail or are forced to depart to other countries. The IRS is the is the biggest destroyer of incentive and the work force of these united States.
Oh no. I weep for all those pure liars lawyers. NOT.
Are you sure that would be a downside?
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