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To: SeekAndFind
I'd prefer Flat Tax. Even Fair Tax has too much bureaucracy and exceptions.
Flat Tax is much simpler. A simple personal deduction for yourself and dependencies and then one single rate after that.
Eliminate all other taxes. Abolish the IRS.

But first: CUT GOVERNMENT SPENDING!!!

Any and all tax reforms will be meaningless without that first step.

11 posted on 03/15/2010 9:59:06 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: BitWielder1
I'd prefer Flat Tax. Even Fair Tax has too much bureaucracy and exceptions.

Huh? The closest thing to an exemption is not taxing used items but that's because those items have already had a tax imposed on them. All new items are taxed at the point of sale. No exceptions. Please explain how The Fair Tax will have more bureaucracy when the tax code will be reduced from more than 67,500 pages to 136?
18 posted on 03/15/2010 10:35:55 AM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: BitWielder1
I'd prefer Flat Tax. Even Fair Tax has too much bureaucracy and exceptions. Flat Tax is much simpler. A simple personal deduction for yourself and dependencies and then one single rate after that. Eliminate all other taxes. Abolish the IRS. But first: CUT GOVERNMENT SPENDING!!! Any and all tax reforms will be meaningless without that first step.

I mostly agree. The government should be constitutionally limited to only 4 sources of revenue: A 10% income tax, a land tax (acreage only, not buildings); loser pays civil trials; and perhaps some infrastructure usage fees.

I don't like the Fair Tax, it hurts cost of production and encourages smuggling from foreign countries.

45 posted on 03/15/2010 3:18:43 PM PDT by Partisan Gunslinger
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