[upchuck]

Given the logic of the Murphy decision, it is quite possible that the risk-free, inflation-adjusted rate of interest could also be excluded from taxation on constitutional grounds. Following through on this logic consistently would revolutionize taxation and eventually lead to a pure consumption tax, which most modern economists favor.

Fair Tax ping.

[Man50D]

If upheld by the Supreme Court, it could significantly alter tax policy and possibly open the door to radical reform.

If upheld it could significantly increase the growing momentum for The Fair Tax H.R.25 Thanks for the ping! This story was posted 8/29/06 www.freerepublic.com/focus/f-news/1691856/posts