Tax cuts are truly effective when the most money goes to the most people and
that simply doesn't happen with flat tax cuts.
That type of system will simply not work and much of what is said about it
is just blowing smoke. You mentioned a 40% tax built into the price of all
goods and services we are currently paying for. What makes you think that
will change at all? Companies like to make money and if they no longer have
to worry about paying a tax on their income..... lets make the big bucks. I
also am unaware of many companies either big or small that don't buy
anything. If they buy goods or services, then they are going to have to pay
that same 30% sales tax and trust me, they will not eat that added cost,
they will pass it onto the customer by maintaining or increasing prices and
if they make a little extra doing it..... All this system would do is pass
the major costs onto those who could afford it the least. People who
currently don't pay taxes becuase they are below the poverty level and spend
every penny that they earn just to stay alive will now be paying a 30% tax
on every penny that they make while those who are making millions will be
paying damn near next to nothing because most of them only spend a small
portion of what they make.
That will simply not happen. How would you deal with the stock or commodies
markets? There is no way that they could tax based on purchase price becuae
if they did, nobody would buy them so at lest this much would still need to
be taxed on income or profit and someone will need to be there to keep track
Which tends to be the norm in this group which helps to keep it interesting.
If at first you don't succeed, you're not cut out for skydiving
Suddenly, without warning, TBone exclaimed (8/17/2007 1:25 PM):
Had to laugh. I have an add-on in Thunderbird that collapses quotes
from previous posts. In this post, KYHighlander's quoted text above
collapsed to (simulated):
+ The best part of the system will be that the IRS can be
(And here I though they already were. Sorry, couldn't resist)
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