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To: Iron Matron

The fastest growth industry in the USA now is the small business, usually one person, a professional engineer, accountant, programmer, etc or even a person with a truck and a mower, who was working for some fortune 500 company with vacation and tons of paid benefits where the mom could stay home and care for children and make the home but since the layoffs we have had to find work, often going back to the company who fired us to work as a consultant at a higher hourly rate but without and benefits. I was going to say, without any security but since I have been on my own I have never been fired because if I was fired I would be firing myself.

BTW, as this industry of small businesses grows further, it becomes harder for the government to collect all the taxes owed besides the government never meant to allow a large number of workers to be able to file for so many business deductions thereby lowering ones tax rate effectively. I think this will force the government to dump portions of the income tax code and add an additional tax by way of a national sales tax and/or a VAT (value added tax). The purposes of this would be threefold, one, to add revenue by way of taxing the criminal aliens when they spend money. Two, collect a percentage lost when individuals who have filed deductions become more a part of the economy. And three, collect taxes on the Boomer generation who are retiring and have investments and retirement accounts that otherwise would not be taxed by way of the income tax code presently but would be taxed with a national retail sale tax (NRST) when they spend it. Why? Because congress needs our money.


174 posted on 07/15/2005 7:29:15 AM PDT by Final Authority
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To: Final Authority
Good post. Thanks.

Tax Reform and Social Security Reform is badly needed, yet, I do not trust this particular administration to do it.

I remember how they got drilling in ANWR (which I support) passed..it was tacked onto a bill dealing with National Security issues and taken out of the Energy Bill.

I know that the Bush Administration desires, and is willing, to providing illegals with Social Security. So S.S. Reform would be the perfect vehicle for him to sneak in benefits for illegals. Therefore, I do not support Social Security Reform at this time, with this President.

Same with tax reform. National Sales Tax, Flat Taxes, Value Added Taxes, These can rise and fall at any Congressional whim. Maybe they'd start with 10% National Sales..that'd be 13% in a year, 14% in 5 years, 25% by the time 10 years go by..this Government wants to support Mexico and South America on the backs of Taxpayers. I believe they will do any under-handed deal necessary to make it so.

So, call me a cynic...
180 posted on 07/15/2005 11:16:41 AM PDT by Iron Matron (Illegals should be Caught and Deported; not Released and Supported!)
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