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pourbill · 04-10-2007, 01:21 PM

would not be on what we earn but rather on what we spend. No Income tax just a 17% value added tax on all purchases. Advantages 1) Wal Mart does the book keeping, take all receipts and send 17 % to the government 2) No more hugh, expensive breaucracy (though some could remain in an enforcement capacity) 3) No loop holes, even drug lords would pay--you spend the money, you pay the tax 4) Conserve resources, quit printing forms and books that stack to the moon and back every year 5) Help for the poor and middle class, the first 25000 anybody earns is not taxed (you send in a W-2 at the end of the tax year and get 17% of your earnings up to 25000 back in a chunk 6) Nobody ducks it, foreign tourists, illeagals, lawyers, and trust me people with money will spend it like always.

Who doesn't like this? The super rich for starters, the crooks, and of course the tax professionals. Don't worry they could get real jobs. A flat tax is unfair to the poor, this isn't.

04-10-2007, 01:21 PM	#12
pourbill Do-er of Deeds Join Date: Apr 2007 Location: washington, missouri Posts: 41	The only fair tax... would not be on what we earn but rather on what we spend. No Income tax just a 17% value added tax on all purchases. Advantages 1) Wal Mart does the book keeping, take all receipts and send 17 % to the government 2) No more hugh, expensive breaucracy (though some could remain in an enforcement capacity) 3) No loop holes, even drug lords would pay--you spend the money, you pay the tax 4) Conserve resources, quit printing forms and books that stack to the moon and back every year 5) Help for the poor and middle class, the first 25000 anybody earns is not taxed (you send in a W-2 at the end of the tax year and get 17% of your earnings up to 25000 back in a chunk 6) Nobody ducks it, foreign tourists, illeagals, lawyers, and trust me people with money will spend it like always. Who doesn't like this? The super rich for starters, the crooks, and of course the tax professionals. Don't worry they could get real jobs. A flat tax is unfair to the poor, this isn't.