I bet the committee members have not read the following paper:
J Heckman, L. Lochner and C. Taber, "Tax policy and Human Capital Formation," American Economic Review, (May 1998), 88(2), 293-297.
Don't hold your breath for the committee or any opponent to actually read it.
Amazing isn't it?
What's silent is your pings to fair tax supporters. You didn't want them around?
Patience, hasty. Yours was only the third post.
lewislynn:The fairtax crowd silence is deafening on this thread.
LOL, I wasn't aware that people are held to a time clock on noticing posts.
However since you are apparently feeling lonely today, I am sure something can be done to alleviate your problem.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Well excuse me, I've been having lunch. Funny how you hear silence before four posts have been made.
On the third post you say that?
"The fairtax crowd silence is deafening on this thread."
Hey, I'm for it!
The big problem I see with any tax of this type is that it would make it to obvious for people to see how much money they really pay in taxes.
I'm in favor of a national retail sales tax IF it replaces an income tax.
Why did the founding fathers have problems with an income tax?
Do I accept the view that those who make more should pay a higher PERCENTAGE of their income in tax?
If the issue is maintaining the current amount of money received, cannot that be mathematically determined based on national sales figures?
"The fairtax crowd silence is deafening on this thread."
LMAO!! Little quick to form conclusions, aren't we, Louie?
Let it be noted that that was post #3 of more than 1200 and counting. Typical of the guardians of the status quo.
The fair tax is the way to go. As it is presented, 23% is revenue neutral. This panel hasn't read enough on the subject.