To: reaganaut1
A tax on income is one of the planks in the Communist Manifesto. We've already seem over the last 96 years the result of a flat tax on income with the federal income tax code. It began with a 1% tax on the first $20,000 of income and 7% over $500,000 when the 16th Amendment was passed in 1913. It was essentially a flat tax on income since 99% of the population did not earn more than $500,000. It morphed into the multi tiered taxed system we have today. The same will happen with a state flat income tax.
A more effective tax code would be a consumption tax bill similar to the Fair Tax bill on the federal level. Fair Tax movement on the sate level has already started. The house chambers in Missouri and South Carolina have approved Fair Tax legislation.
16 posted on
05/26/2009 9:39:12 AM PDT by
Man50D
(Fair Tax, you earn it, you keep it!)
To: Man50D
LOL - We’re not talking about the federal government, we’re talking about New Jersey. And I support a flat-tax for now to get businesses and jobs back and then we can talk about killing it later.
21 posted on
06/01/2009 9:22:20 PM PDT by
Extremely Extreme Extremist
("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
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