To: Man50D
"Under the current system, about 23% percent of the price of that 100 dollar item is tax collected throughout the production chain."So right now the U.S. Government is living off that 23% (from the production chain) plus another, what, 20-25% in personal income taxes?
And you propose to replace all that government income with just a 30% tax?
Are you starting to understand why you have no credibility?
To: robertpaulsen
So right now the U.S. Government is living off that 23% (from the production chain) plus another, what, 20-25% in personal income taxes?
And you propose to replace all that government income with just a 30% tax?
Are you starting to understand why you have no credibility?
Your figures are not credible when you consider the top 50% of income earners pay 96.54% of all taxes! The bottom 50% of income earners don't pay an income tax! Shifting taxes from income to consumption will force all income earners to pay some amount of tax at the point of purchase.
78 posted on
04/23/2006 6:21:48 AM PDT by
Man50D
To: robertpaulsen
Here is where you show how disingenuous you are.
The tax base is changing from income to consumption.
Not everyone has an income. Everyone consumes.
Tourists, pimps, prostitutes, drug dealers, the idle rich, and everyone else who isn't paying an income tax today will pay a consumption tax..
98 posted on
04/23/2006 5:35:41 PM PDT by
Badray
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