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To: n-tres-ted
Thanks for the update
7 posted on 05/10/2002 10:46:14 AM PDT by Free the USA
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To: Free the USA
Here is what Jorgensen says re the comparative benefits of various reform proposals:

Question 7. How do the welfare gains from EFFICIENT TAXATION OF INCOME compare with gains from consumption taxes? Answer: EFFICIENT TAXATION OF INCOME would have a larger impact than a Proportional National Retail Sales Tax and twice the impact of the popular Flat Tax proposal. Here are the numbers: EFFICIENT TAXATION OF INCOME $4.90 trillion Hall-Rabushka Flat Tax $2.06 trillion Progressive National Retail Sales Tax $3.32 trillion Proportional National Retail Sales Tax $4.69 trillion ****

I do not see why he would prefer his proposals to the much greater simplicity of the Fair Tax Act.

8 posted on 05/10/2002 10:52:40 AM PDT by n-tres-ted
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