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Article #70Re: Income tax repealed...maybe...
From: Lyle Cox
Date: Sun, 07 Jul 1996 00:00
Date: Sun, 07 Jul 1996 00:00
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The problem I see with a > federal sales tax is that you would have to make exemptions for most things that > the poor purchase to ensure they are not paying a greater percentage of their > income for taxes than is being paid by middle and upper income groups. Clothes, > furniture, energy, transportation, food, medical, education and many other things > are minimal necessities for the poor and to make them pay a federal tax on these > items does not seem reasonable to me. If we try to set up a system where they can > avoid paying the tax on these items it could easily end up being as much of a > joke as the current exemption based tax system. > > I think a simple postcard for a tax return would cost hundreds of times less than > tracking all purchases for federal tax purposes and filing on all of these > purchases. Remember also that most things we purchase are made up of many > individual raw items whick are purchased to be combined and then resold over and > over again before ending up in the consumer's hands. Will each of these levels of > sales be taxed 15% or will they require exemptions? > > I'm also curious about how a 15% flat tax would affect the current capital gains > tax structure? > > ..JohnAny one ever stop to think that the poor (I'm one of them) also tend to use a higher percentage of the government's resources. Maybe we should pay a higher percentage of our money in taxes. I make the point that my necessities of life are very much different than someone else's necessities. To some beer and cigarettes are necessary. [Beer I agree with :) ]To others they would be a luxury. The only people capable of making that decision are the people buying the items. Keep it simple. Sales tax with no exemptions, no deductions!!!!
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 101acf,f2c364be31848f75 X-Google-Attributes: gid101acf,public X-Google-Thread: 1073ca,f2c364be31848f75 X-Google-Attributes: gid1073ca,public X-Google-Thread: f6cc7,f2c364be31848f75 X-Google-Attributes: gidf6cc7,public X-Google-Thread: f824f,f2c364be31848f75 X-Google-Attributes: gidf824f,public From: Lyle Cox <lyle@frii.com> Subject: Re: Income tax repealed...maybe... Date: 1996/07/07 Message-ID: <31E086A8.743C@frii.com> X-Deja-AN: 167125977 references: <4q7so3$ul@nntpa.cb.lucent.com> <31D8ADE1.4B7D@frii.com> <4rglcq$kth@mtinsc01-mgt.ops.worldnet.att.net> <tporczykDu2y2z.FDz@netcom.com> <4rlqah$gps@mtinsc01-mgt.ops.worldnet.att.net> content-type: text/plain; charset=us-ascii organization: Front Range Internet, Inc. mime-version: 1.0 newsgroups: pa.general,co.general,triangle.general,ba.general x-mailer: Mozilla 2.0 (Win16; I)