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

To: Mana who wrote (315204)11/6/2002 9:55:48 AM
From: David Lawrence  Read Replies (2) | Respond to of 769670
 
It's too bad Archer isn't there anymore. I can't think of anyone better qualified to lead a tax reform effort.



To: Mana who wrote (315204)11/6/2002 10:16:02 AM
From: Justin C  Read Replies (2) | Respond to of 769670
 
Perhaps I missed it, but the list of objections didn't include mine, which was ...

A national sales tax would have the effect of double-taxing the sales-taxable expenditures of preexisting non-IRA savings that were net of income taxes. Ditto for any sales-taxable expenditures made with the proceeds from sales of assets accumulated with after-income-tax earnings prior to the sales tax taking effect.


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