And, should that provision not be ratified, then what? So-called Fair Tax and Income tax both?
The bureaucracy will be much smaller. The IRS consisting of approximately 100,000 agents will be replaced with an agency requiring about 5,000 agents.
Any idea on how many began with the IRS? Can you name any bureaucracy that has not grown?
You really need to read the bill. There will not be any taxes on business to business transactions.
I printed it all out long ago and did read it, all 133 pages of it. I wonder if any supporters actually read the bill or rely more on Boortz's book.
The wealthy will no longer have their investments taxed thereby increasing their purchasing power.
The wealthy are the least of my worries. It is John Q. Public that will see he now must pay 30 cents on the dollar in tax that I see running to buy used over new items.
The author hasn't a clue and obviously hasn't spent one second reading the bill.
From where I sit, it appears like people more follow Boortz's book than the actual bill. The problems in this bill are way too apparent and clear for them to be so easily missed by supporters.
I am constantly amazed to see those who readily see big problems in the healthcare takeover, but who, out of hatred for the IRS or whatever, ignore glaring problems within this bill.
As I have long maintained, we do not tame the beast by changing how we feed the beast. The beast being out of control government spending.
Put down Boortz's book and actually read the entire bill.
“It is John Q. Public that will see he now must pay 30 cents on the dollar in tax that I see running to buy used over new items.”
There is a huge difference between 30 cents on every dollar spent on new goods and services and 30 (or 40 or 50) cents tax on every dollar earned.