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To: fightu4it

-- Gee, now that Boomers are moving into retirement and will be typically consuming more than they produce; there is a move afoot to shift the lion's share of taxes to consumers.
How convenient! --

You have hit the exact reason for a consumption tax. The Boomers are ending their careers and the government now needs a way to tax all those after-tax dollars that have been accumulated over the last 30 years.

A consumption tax so screws the retirees that have managed to keep some bucks after taxes.


180 posted on 06/10/2005 12:59:05 PM PDT by Marak
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To: Marak
The Boomers are ending their careers and the government now needs a way to tax all those after-tax dollars that have been accumulated over the last 30 years.

He he - the feds have gotten over on you! After-tax dollars are already being hit when spent to the tune of 20-25% of each dollar spent going to federal taxes and related tax costs.

The nrst won't change that.

I do find it interesting that you didn't seem to be aware of this though.

233 posted on 06/10/2005 1:33:56 PM PDT by Principled
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