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To: No Mo Mo who wrote (79)11/7/2000 2:43:14 PM
From: HairBall  Read Replies (1) | Respond to of 595
 
No Mo Mo: I was trying to say, you nor I can complete the list on SI.

Sure with a consumption tax there will likely be some wrong assignments. However, for the most part it would be much more fair than the current system. If you think you are being over taxed, one could work at avoiding spending money on taxable items. Heck, it might even promote conservation.

I have yet to live in an area without state and or local sales taxes. Most have assignments in place that work fairly well already. It would not be a stretch to assign Federal Taxes similarly.

Regards,
LG



To: No Mo Mo who wrote (79)11/7/2000 5:11:45 PM
From: flatsville  Read Replies (1) | Respond to of 595
 
You see...on the surface, I believe we need to be very careful with sales taxes because I subscribe to the interpretation that they are inherently regressive i.e., The lower a person's income the greater the portion their income goes to buying necessities.

Good point.

Just as the wealthier members of society have those banks of lawyers and accountants to bend the interpretation and categorization of luxury vs. necessity. I think we'd end up with the same Swiss cheese of loopholes that ultimately benefit the "benders" and "interpreters" of tax code.

Excellent analysis Darin. You think like a criminal.