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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: Bigun
I'll vote for Bush for the next 30 years, if he does this ... :)
41 posted on 02/08/2003 6:19:52 PM PST by DAnconia55
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To: Bigun
So, let me get this right....the very government that consistently moves to increase it's power over me wants to DECREASE the amount of my money it takes?

Yeah, right!

Let's see...let me guess...hmmm...could it be a "Value Added Tax (VAT)" that would replace the income tax?

42 posted on 02/08/2003 6:20:25 PM PST by The Duke
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To: Bigun
So all the money that I have spent a lifetime to save and which was taxed as income, will now be double-taxed as I spend it? You're killing me here. Will you exempt my savings?
43 posted on 02/08/2003 6:21:18 PM PST by FreedomCalls (It's the "Statue of Liberty" not the "Statue of Security.")
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To: Bigun
Good news Good way to do it.
I would like to see TEXAS drop property tax on homes for school funding and use a state tax.
That way even the illegal pay tax.
45 posted on 02/08/2003 6:22:54 PM PST by Dubya
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To: Bigun
WWWOOOOOOOOOOOOOOOOOOOOOHOOOOOOOOOOOOOO!!!!!!!!!
48 posted on 02/08/2003 6:24:16 PM PST by ScholarWarrior
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To: Bigun
Holy crap, you could knock me over with a feather right now!
49 posted on 02/08/2003 6:24:17 PM PST by Excuse_My_Bellicosity
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To: Bigun; Taxman; glock rocks
Get rid of income tax? Good idea. Replace with consumption (sales) tax? Very bad idea. Sales taxes discourage sales, the very thing that strengthen our economy. Instead, all taxes should be collected by the states, or even by the counties and cities as they do in Virginia. Then, what the states don't need, they can send to the US government. The federal government wants to micromanage everything, so before this can ever come to pass, the Congress will have to pass several laws to close down all the departments that the federal government has NO BUSINESS running. They will never do that, though.
50 posted on 02/08/2003 6:24:22 PM PST by graycamel
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To: Bigun
Hip Hip Hooray!
51 posted on 02/08/2003 6:24:26 PM PST by TheDon (The only smoking gun I want to see, is the one which kills Saddam Hussein.)
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To: Bigun
In related news, Hillary Klinton doesn't know whether to sh-t or go blind.
57 posted on 02/08/2003 6:27:25 PM PST by Excuse_My_Bellicosity
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To: Bigun
opponents argue, a consumption tax is "regressive" in that the same rates apply to rich and poor people alike

Boo-hoo. Where have I heard this whine "UNFAIR!" before? HMMMMmmmm...

Say you want to attend a baseball game. The seats you want are $35. No matter how much or how little money you earn, that seat will still cost you $35. If you can't afford that, you have 2 choices: Don't attend the game, or purchase a $15 bleacher seat.

That's why a consumption tax is NOT unfair to the "poor" (usually spendthrifts). If they don't SPEND, they don't PAY.

61 posted on 02/08/2003 6:29:19 PM PST by petuniasevan
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To: Bigun
Drop the income tax, forget the consumption tax, and finance the legitmate functions of government with levies and tariffs.

While we're at it, dump Medicare and Medicaid, and scratch any prescription drug boondoggles. Erase the departments of Health anbd Human Services, Energy, and Education and abolish unfunded mandates and matching fund money pits.



65 posted on 02/08/2003 6:31:52 PM PST by Sabertooth
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To: Bigun; OrthodoxPresbyterian
Awesome that it was even mentioned.

Best idea around.

The opposition will be enormous.

I don't WANT some big shot rich guy thinking he owns more of the country than I do just because he pays a higher percentage of taxes than I do. Make it an equal percent.

If it's good enough for God (10%) then an equal percent is fair everywhere else.
70 posted on 02/08/2003 6:35:14 PM PST by xzins
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To: Bigun
bfl
71 posted on 02/08/2003 6:36:39 PM PST by Trailerpark Badass
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To: Bigun
I like it as long as he nukes the IRS!
78 posted on 02/08/2003 6:43:08 PM PST by hove
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To: Bigun
At least a tax on consumption would force EVERYONE (expecially illegal immigrants) to pay something toward the expenses involved in running and defending the country. As it is, too many people get off scott free. Maybe they wouldn't demand so much in social services if the money came out of their pockets too.
79 posted on 02/08/2003 6:43:46 PM PST by afz400
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To: Bigun
If Bush can pull this one off, it would be, on the domestic level, comparable to the fall of the Berlin wall.
86 posted on 02/08/2003 6:53:53 PM PST by slimer
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To: Bigun
As MJ says Oh WOWOWOWOW! Have you talked to Ron Paul today? What does he say? Wow, at least they are talking about it publicly now, this is a giant step!!!!
90 posted on 02/08/2003 7:02:32 PM PST by dixie sass (From the Palmetto State, in the LowCountry)
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To: Bigun
OMG. Please be true. This would make the Republicans a virtually permanent majority party, if it were to pass.
93 posted on 02/08/2003 7:05:46 PM PST by tomahawk
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To: Bigun
The problem I am worried about, has anyone noticed that Social Security and Medicare taxes on our income have increased over 200% over the last ten years? I remember when my income tax out paced these deductions over 200%. I would like to see an end to income tax, but I see a huge increase in these deductions along with a national sales tax.

Doesn't the Federal Government dip into these pools of money for what ever pet project they are trying to fund?
The best way to lower Medicare is to enact tort reform.
98 posted on 02/08/2003 7:09:21 PM PST by Liberty_Or_Die (What about Social Security and Medicare deductions?)
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To: Bigun
Sounds good to me. I'm for a consumption tax with NO exceptions. Simple and fair. Doesn't penalize saving and investing, rewards productivity. Do it! (RATs will say it's "unfair to the poor." They can bite it.)
101 posted on 02/08/2003 7:14:47 PM PST by clintonh8r (Guten tag.)
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