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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Les H who wrote (21040)	7/25/1999 2:05:00 PM
From: Slava Chechik	Read Replies (1) of 99985

O.T. Les, sales tax is the fairest form of taxation. If one buys something he/she pays tax. It does not matter if you buy bread and milk, or mansion and yacht. It means all rich people would have to pay it too. That's why it would never happen. Now poor and rich do not pay much and middle class (or more likely working poor) pays to the full extent. There will be no need to file tax forms for individuals. IRS and all it is abuses could be thing of the past. Here is another reason why government would not support sales tax. On the positive side cost of compliance for individual will go to zero, government spending will depend on the health of the economy, all "under the table money" will be also taxable, and most of states already have a system to collect sales tax. Slava Chechik

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