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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (109115)9/13/2007 2:50:27 PM
From: Skeeter Bug  Read Replies (1) of 132070
 
Wayne,

one downside to consumption taxes is that it penalizes those with lower incomes (poor folks) because they have to spend a higher percentage of their income consuming (you know, food and transportation to work).

would you feel the system just if someone inherited $1,000,000 worth of oil assets and paid less than 0.1% in federal taxes while a day laborer paid more than 20% of a day laborers income?
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