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Politics : Stockman Scott's Political Debate Porch
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To: Cactus Jack who wrote (19392)5/21/2003 12:08:36 AM
From: elpolvo  Read Replies (1) of 89467
 
President Bush has proposed shifting the U.S.
tax system to one that taxes consumption rather
than income.

sounds good on the surface. it's a tax on goods
and services. most states and municipalities do it.
it's called sales tax or gross receipts tax.

the rich spend a much, much lower percentage of
their income on goods and services than the
poor. the rich would get a whopping windfall.
the poor and the average joe would suffer
greatly in comparison to the current system.
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