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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Kelvin Taylor who wrote (829)3/30/1998 12:22:00 AM
From: Colin Cody   of 5810
 
Kelven A Flat Tax does not collect taxes "at the point of sale" I am afraid you have been mislead by Mr. Forbes or others who stand to gain handsomely by fooling the public into supporting a "flat tax".
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A National Sales Tax (a COMPLETELY DIFFERENT concept) would purportedly collect taxes on retail sales "at the point of sale".
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In EITHER of the above cases there are NO safeguards that would prevent massive tax evasion. Under the NST (above) there would be a SIGNIFICANT INCENTIVE for MORE tax evasion than ever before.
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Under a "Flat Tax" there would probably be about the same incentive for tax evasion as we have today with the Federal income tax.
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Colin
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