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To: phil_will1
You want a consumption tax? Flat tax can do that.
It is a consumption tax.


You want a tax that doesn't tax prior savings? A flat tax can do that.
A flat tax doesn't tax prior savings.


You want a tax that doesn't require personal tax returns? A flat tax can do that.
A flat tax could be implemented that doesn't require personal tax returns.


BTW, the panel name for next week is "Issues Associated with 'Return-Free' Filing." This is an example of what is meant by "return-free" filing. It has nothing to do with a sales tax.
111 posted on 05/13/2005 1:10:31 PM PDT by Your Nightmare
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To: Your Nightmare

Your "return free filing" link is hardly that (if you'r read it which you obviously do not do) since it states on the cover page that tax simplification has to preceed (that means comes before) "return free" filing. So much for your "return free" filing.

It then goes on the say that only 12% of those filing Form 1040 would be able to do "return free" siling. Some "return free", eh?? And we still have the income tax and the IRS.

I've got a better solution for return free filing ... lets do the FairTax and have no returns filed by US citizens relating to income. No paperwork, no IRS, etc. And it helps boost savings as well.

As I said to you before, the Nightmare Flat tax (or any other flat tax) is merely an income tax hiding in sheep's clothing until the political manipulations show us its true form - and those manipulations are very easy under that tax form as we see with the present system.

Taxes have already been paid on prior savings and since the politcians would probably initially exempt interest income it wouldn't be taxed a second time ... until spent when the increased hidden tax cascaded into prices and hidden from the taxpayeer (just like as at present) when it WOULD be taxed a second time.


121 posted on 05/13/2005 1:41:18 PM PDT by pigdog
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To: Your Nightmare
A flat tax doesn't tax prior savings.

If you want to point out such an observation you also need to point out that, in the future, a sales tax would create much more in savings. Also, if prior savings are in the form of qualified plans the sales tax is a boon, a helluva boon.

131 posted on 05/13/2005 2:41:28 PM PDT by groanup (http://fairtax.org)
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To: Your Nightmare

"You want a consumption tax? Flat tax can do that."

"It is a consumption tax."

So employers won't have to generate W-2s and 1099s when your flat tax proposal is implemented?


151 posted on 05/13/2005 4:30:32 PM PDT by phil_will1
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