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To: nopardons
Either the National Retail Sales Tax or the Flat Tax would be better than what we have now.

Either system would be fairer and simpler, but the Flat Tax could move through Congress more quickly and easily. The problems with the NRST are...

1. The rate would be over 20% and added to current sales taxes, it would come close to 30% in some states. I doesn't think people will tolerate this.

2. There would be a compliance problem called, "I can get it for you wholesale."

3. Repeal of the 16th amendment would have to come first in order to avoid having both the income tax and the NRST. This would be a long, drawn-out process even if it were to be successful.

18 posted on 11/13/2002 1:32:55 AM PST by KDD
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To: KDD
Agreed. I would prefer a flat tax of 10 %, myself, though.
20 posted on 11/13/2002 1:35:03 AM PST by nopardons
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To: KDD
I still like Steve Forbes' idea. A flat tax with the first, say, $30,000 of income exempted for everyone...set at around 15 percent with no deductions to tempt Congress to legislate through tax policy.
47 posted on 11/13/2002 4:21:40 AM PST by copycat
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