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To: Non-Sequitur

If the federal income tax was eliminated, I’d like a FLAT VAT. The problem with lots of different taxes is that they keep you from realizing that about 80% of every dollar you earn actually goes to paying one tax or another, including those (like B&O taxes and fees) rolled into your prices.


10 posted on 04/26/2010 7:37:40 AM PDT by RobRoy (The US Today: Revelation 18:4)
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To: RobRoy
If the federal income tax was eliminated, I’d like a FLAT VAT.

The income tax is not going to be eliminated, we all know that. The best we can hope for is a reduction in income tax to offset the VAT as much as possible. But I'd be surprised to even see that happen.

13 posted on 04/26/2010 8:16:59 AM PDT by Non-Sequitur
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