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White House Floats Idea of Dropping Income Tax (altogether)
New York Times, Business and Financial Desk, Page 14, Column 5 ^ | 2/8/2003 | EDMUND L. ANDREWS

Posted on 02/08/2003 5:56:38 PM PST by Bigun

White House Floats Idea of Dropping Income Tax Overhaul By EDMUND L. ANDREWS

WASHINGTON, Feb. 7 — President Bush, having already set off a firestorm over his proposals to cut taxes and revamp retirement accounts, suggested today that the time might be near to drop the income tax as a whole and replace it with some form of consumption tax...

(Excerpt) Read more at nytimes.com ...


TOPICS: Activism/Chapters; Breaking News; Business/Economy; Constitution/Conservatism; Culture/Society; Government; News/Current Events; Philosophy; Politics/Elections
KEYWORDS: bush; consumptiontax; incometax; nrst; taxreform; whitehouse
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Best news I've heard on the financial front in my lifetime I think!
1 posted on 02/08/2003 5:56:38 PM PST by Bigun
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To: Taxman
NRST Ping
2 posted on 02/08/2003 5:58:59 PM PST by Nick Danger (Freeps Ahoy! Caribbean cruise May 31... from $660 http://www.freeper.org)
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To: Bigun
White House Floats Idea of Dropping Income Tax Overhaul

This title doesn't say what the story says.
3 posted on 02/08/2003 5:59:24 PM PST by aruanan
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To: Bigun
my cpa just had a coronary.
4 posted on 02/08/2003 6:00:22 PM PST by glock rocks (look - i said i'm sorry i shot you in the forehead. get over it. sheesh.)
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To: Bigun
Abolish the socialist unconstitutional slave income tax BUMP!
5 posted on 02/08/2003 6:00:43 PM PST by Anti-Bolshevik
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To: Bigun
I like this idea.
6 posted on 02/08/2003 6:00:55 PM PST by Dan from Michigan ("Quit Jammin' me!")
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To: Bigun
Every one from Alan Keyes to Joseph Farah wants the income tax junked. It doesn't need to be fixed; the IRS and the entire so called "progressive tax" system has to be abolished before we slide into serfdom and outright tyranny.
7 posted on 02/08/2003 6:01:05 PM PST by goldstategop
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To: glock rocks
I'm a CPA and I say go for it! The tax code is an abomination. Just think of all the lobbyists who would be out of a job too!
8 posted on 02/08/2003 6:01:38 PM PST by Wphile (I'm so sick of the UN)
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To: Wphile
bump!
9 posted on 02/08/2003 6:03:36 PM PST by glock rocks (look - i said i'm sorry i shot you in the forehead. get over it. sheesh.)
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To: aruanan
You're correct! In fact, the headline says the exact opposite of what the story says.
10 posted on 02/08/2003 6:03:57 PM PST by Hoverbug (whadda ya mean, "we don't get parachutes"!?!)
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To: glock rocks
Dropping the income tax would do much more than any stupid CFR bill will do!
11 posted on 02/08/2003 6:04:16 PM PST by Wphile (I'm so sick of the UN)
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To: Bigun
5% National sales tax bttt!

Do it now.
12 posted on 02/08/2003 6:04:35 PM PST by lodwick ( God only requires 10%)
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To: Bigun
Oh, sure, now that I've given up on working hard for a living (because all of my money got taken in taxes) and set myself up to live a modest lifestyle on savings, NOW they want to go and get rid of the income tax. To heck with that! I've finally got myself set up to beat their stinking game and now they want to go and CHANGE THE FREAKING RULES!

AAAAARRRRRRGGGGGGHHHHHH!

So now my savings will get eaten up twice as fast (once the price of everything DOUBLES when this tax is imposed, you just wait and see) and I'll have to go back to work anyway. Plus, they'll find to way to keep the income tax too! Just wait, you'll see. The government won't quit squeezin' until we're all singin' soprano.
13 posted on 02/08/2003 6:04:50 PM PST by Billy_bob_bob ("He who will not reason is a bigot;He who cannot is a fool;He who dares not is a slave." W. Drummond)
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To: glock rocks
Repeal the 26th Amendment first... then we can talk about a replacement.
14 posted on 02/08/2003 6:05:17 PM PST by Frohickey
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To: Bigun; Admin Moderator
I dunno what the orignal headline was, but this headline would make a lot more sense with the last word dropped. It's confusing as it is.
15 posted on 02/08/2003 6:06:10 PM PST by B Knotts
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To: Bigun
BIG BUMP
16 posted on 02/08/2003 6:06:49 PM PST by TLBSHOW (God Speed as Angels trending upward dare to fly Tribute to the Risk Takers)
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To: glock rocks
let him find a real job now
17 posted on 02/08/2003 6:07:15 PM PST by nocommies
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To: Bigun
BTW, this is great news, and I hope they are somehow able to accomplish this.
18 posted on 02/08/2003 6:07:37 PM PST by B Knotts
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To: aruanan; Bigun
True, but the story sure is GREAT news. Like Bigun, I've been waiting my entire life for a president or Congress to even so much as float this idea. This president sure isn't wasting his term in office, that's for sure.
19 posted on 02/08/2003 6:07:41 PM PST by Wolfstar
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To: Taxman; dixie sass; robnoel; pigdog; Bobsat; n-tres-ted; CHIEF negotiator; dittomom; ...
News you MAY just be interested in!
20 posted on 02/08/2003 6:08:13 PM PST by Bigun
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