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To: Extremely Extreme Extremist
Congress can start by abolishing the federal income tax...

Absolutely!

Instead of the income tax, replace it with a national retail sales tax:

-prices don't increase
-the prices of our exports decreases by 25% or so
-the prices of imports increase by 25% or so
-since there is no tax on any income, companies will bring all their capital home (foreign companies may bring their capital here too!)

All in all, it's the income tax that's the main culprit for our economic problems. Time to end the income tax and collect tax with a national retail sales tax

86 posted on 07/29/2003 8:22:08 AM PDT by Principled
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To: Principled
NRST is a joke - it will hose the average citizen like the IRS never did. I've heard all the strident cries and seen the junk math which try to say otherwise, and they do not correspond with reality.

Having said that, I agree that the federal income tax is a MAJOR impediment to fiscal health in this country, at ALL levels! This is, of course, exacerbated by out of control gov't spending and unconstitutional intrusion by the FEDERAL gov't into state and local issues, but that's another thread.....

91 posted on 07/29/2003 8:30:58 AM PDT by mil-vet
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