[Ga Rob]

But wouldn't your "Old Money Harry's" still get over with a flat tax? They live off wealth, not income. It seems to me the only way they would pay would be through a sales tax. I guess I could be wrong, but logic tells me I may not be.

[JohnGalt]

Get over what? The cost of an income tax is built into the price of our items. If they buy 'stuff' they are supporting the tax regime, if even indirectly.

The idea of every convenience store owner being a tax collector is anathema to the American experience; I think the culture and conservatives are better served with an IRS and an Income Tax until the damn amendment is repealed all together.

[Polybius]

But wouldn't your "Old Money Harry's" still get over with a flat tax? They live off wealth, not income. It seems to me the only way they would pay would be through a sales tax.

Or, as I proposed in Post #6, a wealth tax.

You can say that wealth earned by an individual is tax exempt. Inherited wealth up to $1 million dollars per person and wealth in the form of a productive family business is tax exempt. Beyond that, inherited accumulated wealth can be taxed at a certain percentage rate per year.

As it is right now, the truly wealthy such as the Kennedys and individuals such as John Kerry who is living off the wealth earned by the ancestors of the deceased first husband of his current wife are truly wealthy but pay no taxes on that wealth.

[George Frm Br00klyn Park]

"But wouldn't your "Old Money Harry's" still get over with a flat tax? They live off wealth, not income."

GB, No. Their new stuff appropriated in the name of the "trust" would be taxed as income. NO deductions and/or exemptions. NO social engineering through tax laws. Peace and love, George.