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To: xcamel
http://www.mises.org/story/1768

Thank you for the link. Very interesting!

37 posted on 09/02/2007 11:28:53 AM PDT by lucysmom
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The prebate is there to keep politicians from exempting food from the tax. The idea is to keep the tax pure with no exemptions. I believe, however, that in order for it to pass at least 3 exemptions would have to be added; exemptions for: primary residence, medical expenses and religions.

A new car is actually quite doable. With about 25% more takehome pay (i.e. FICA, medicare & income taxes) a person making $50,000 should be able to save the tax amount on a new car in less than a year. However, a new house with say $35,000 tax paid up front would simply be out of the question for the average person.

An exemption for medical expenses is a no-brainer, since nobody wants the government to profit from somebody’s misfortune.

And, the religious exemption is a requirement to keep a clean separation between church and state.


41 posted on 09/02/2007 12:42:51 PM PDT by webboy45
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