“I have to admit that I have not been active in the discussions for awhile, so I may have lost touch. How would the federal law eliminate state income tax?”
I mistyped it. I meant to say that it would eliminate individual and corporate (federal) income taxes.
OK, thanks. It is good to know that I am not giong crazy.
I do think that ultimately state income taxes would be elimated once the fed income tax is eliminated. The State’s would find it much easier to “piggy back” on the fed system.