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To: rolling_stone
Agree with you. FairTax allows politicians to retain some modicum of power. Flat tax really doesn't.

I'm more for Flat that Fair at this point. A 23% sales tax, plus 8% in WA state, plus property tax, and I'll be paying more in tax than now.

FairTax, however, may end up being massively deflationary if some of the recovered savings are passed to the consumer. B2B purchases are not subject to FairTax - this means business will get a huge windfall.

Could work, in my opinion, but 23% on purchases seems pretty steep compared with a 13 to 17% flat tax.
121 posted on 04/14/2003 11:40:16 AM PDT by RinaseaofDs
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To: RinaseaofDs
I would support either a flat or NRST, either is miles ahead of what we currently have, IMO current system is very inefficient, unfair and gives too much power to politicians to social engineer and profit from their power. IMO simplification is long overdue, and people need to be better informed as to how much they actually are paying in taxes and to be able to figure out the correct amount themselves. Any transition period will have problems, and will probably result in "chaos and a quagmire" like the Iraq Liberation, (according to the all knowing media)but IMO it is time to bite the bullet and try something different. Some will win and others lose money under any change, but all will win with simplification and efficiency.
125 posted on 04/14/2003 11:58:06 AM PDT by rolling_stone
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