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Politics : Politics for Pros- moderated
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To: Joe Btfsplk who wrote (100632)2/16/2005 3:25:19 AM
From: unclewest  Read Replies (1) of 793789
 
So Thomas has hit upon the idea of replacing the corporate tax code with a value-added tax that would also help fund Social Security. It is a bold idea that could be made even bolder by combining it with a repeal of all or a portion of the payroll tax.

This is the German system.
A VAT (aka sales tax) and an income tax that begins around the 200,000 level.

We could implement this wonderful idea, sit back, and enjoy the same 15% unemployment Germany has.
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