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Article #70

Re: Income tax repealed...maybe...

#70
From: Lyle Cox
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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From: Lyle Cox <lyle@frii.com>
Subject: Re: Income tax repealed...maybe...
Date: 1996/07/07
Message-ID: <31E086A8.743C@frii.com>
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