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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (24368)	7/13/2000 10:38:08 AM
From: Neocon	Read Replies (1) \| Respond to of 769667

Good point, again, since one could save income. Interesting........Although, by the way, most income tax schemes, including the current one, do not make you pay until a certain level of income is reached. Babysitters have little to fear.......

To: Bill who wrote (24368)	7/13/2000 10:53:26 AM
From: jlallen	Read Replies (2) \| Respond to of 769667

Yep. That alone is a good incentive to earn as much as you can. That can't be bad for our economy either. JLA

To: Bill who wrote (24368)	7/13/2000 1:06:55 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 769667

I used to support your concept of NST until I realized that in order for things to be reasonably fair homes and real estate must be taxed at the same nst rate as everything else - so say you had an nst rate of 18% - imagine what that would do to the property values in the metropolitan areas - I don't think it will fly. An NST tax that excluded real estate would be terribly unfair, there just isn't enough difference between what the wealthy buy vs. the poor. Real estate is where the rich money goes. Another issue along those lines is - if you do tax real estate with your nst, and someone owns a primary residence, a vacation residence and 3 investment properties, how do you tax the investments? And if you do tax the investment properties as consumption then would you also tax the financial markets at 18%? Sadly, I don't think you have thought this one through, e-bill (although that is nothing new).