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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: chaz who wrote (18434)2/23/2000 8:52:00 AM
From: Justin C  Read Replies (2) of 54805
 
Re: National Sales Tax

I like the notion of replacing the income tax with a
sales tax. But there must be a provision to protect
our existing after-tax assets from the double taxation
that will occur with a sales tax. After-tax home equity
and other assets will ultimately be "spent" by us or our
heirs, resulting in the same double taxation that will
occur when we spend our after-tax checking and
savings accounts after a sales tax becomes effective.

Double taxation in any amount is wrong and must be
fought.
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