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Article #236

Re: Income tax repealed....maybe...

#236
From: Mark D. McKean
Date: Thu, 20 Jun 1996 00:00
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In article <4q92dh$3o6@Mercury.mcs.com>, cds@MCS.COM (Chris D. Silva) wrote:

> Gary Peterson (ftg@cc.gatech.edu) wrote:
> : In article <4q7sk1$ug@nntpa.cb.lucent.com>,
> : avram.r.vener <rudy@cbnews.cb.att.com> wrote:
> : >What is H.R. 3039?  It is a bill indtroduced by Representative
> : >Dan Schaefer to replace the Income Tax with a fifteen percent
> : >national sales tax.  
> 
> : Ah, the "Let's give the rich even MORE money, screw the poor
> : and middle class" tax.
> 
> How does this compute?  If I make 10,000 a year, I would pay 1,500.00
> Now If I made 100,000 a year I would pay 15,000 a year. 
>  Fifteen percent is fifteen percent.

But there's a big difference between fifteen percent of what you *make*
and fifteen percent of what you *spend*. By simple economics, the less
money you make, the greater a percentage of it you *must* spend, therefore
the greater a percentage of your total income that is subject to 15%
taxation.

Better to read Harry Browne's "Why Government Doesn't Work" to find out
about a solution that would eliminate federal taxes altogether.
------------------------------------------------------------------
Mark D. McKean - ENTP - mm0@ganet.net - http://www.ganet.net/~mm0/
Harry Browne for President in '96! - http://www.HarryBrowne96.org/
"Never underestimate the power of human stupidity."
                                        --Robert A. Heinlein
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From: mm0@ganet.net (Mark D. McKean)
Subject: Re: Income tax repealed....maybe...
Date: 1996/06/20
Message-ID: <mm0-2006961219340001@news.ganet.net>
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references: <4q7sk1$ug@nntpa.cb.lucent.com> <4q8v47$7n7@gaia.cc.gatech.edu> <4q92dh$3o6@Mercury.mcs.com>
organization: Quantum Panda
newsgroups: oh.general,ne.general,atl.general,chi.general,ga.general,in.general,ne.nearnet.general