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To: Don Green who wrote (13905)9/24/2003 3:57:28 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
don, i disagree b/c the people top 5% of folks who own 70% of america will see their tax rate PLUNGE, while the middle class will see it SKYROCKET.

either that, or we see more money borrowed by the govt to cover less income in the form of taxes.

i think it is fair that those who own 70% of america pay 70% of the tax burden.

of course, those who disagree with this premise will likely reach different conclusion regarding tax policy.



To: Don Green who wrote (13905)9/24/2003 7:00:50 PM
From: rolatziRead Replies (1) | Respond to of 306849
 
It is crucial IMHO to have a consumption tax as part of the mix of taxes because more and more people do not pay taxes and are able to hide their income in a variety of ways. A consumption tax will tap the resources of the underground economy and allow a lower rate on income. The only problem of introducing a consumption tax is that the politicians will see it as additional money and not a replacement for some of the income tax.
Ro


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