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Article #92

Re: Income tax repealed...maybe...

#92
From: Tony Porczyk
Date: Wed, 26 Jun 1996 00:00
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John Hensley <johnhe@worldnet.att.net> responds to someone:

>> 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.

> This would really hurt all those Americans that have worked very hard
> all their life saving money for a better life when they were older. All
> this money they've already paid up to 50% tax on would then be taxed
> again at 15% when they spent it.

While I'm strongly in favor of the bill as it would:

a. Get rid of the most oppressive institution in American history
b. Allow individuals to save money by adjusting their capital spending
c. Tap the underground economy without a single beaurocrat
d. Dissolve the insane maze of regulations which are strangling business
   and cause irrational decisions

your complaint is valid.  I believe it would be quite easy to produce
Visa-like "retirement cards" which would allow one to buy without paying
extra sales tax.  In fact, even without the argument you presented, I
believe it might be the right thing.

t.
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From: tporczyk@netcom.com (Tony Porczyk)
Subject: Re: Income tax repealed...maybe...
Date: 1996/06/26
Message-ID: <tporczykDtL46A.AsM@netcom.com>
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sender: tporczyk@netcom12.netcom.com
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organization: ITRC
newsgroups: pa.general,co.general,triangle.general,ba.general