Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: MichaelSkyy who wrote (84377)	11/6/2004 10:59:46 AM
From: Lane3	Read Replies (1) \| Respond to of 793801

spending up to the poverty level is tax free How might this be administered? Does everyone have to save his receipts for every purchase? I can't think of any other way. Is there one?

To: MichaelSkyy who wrote (84377)	11/6/2004 11:19:20 AM
From: JDN	Respond to of 793801

Mike, I skimmed it. Seems reasonable on the surface except the rebate program looks complicated and subject to abuse. I think I would prefer to just make certain purchases non taxable. The other negative on a sales tax or a VAT tax for that matter is RETIREES would pay tax on all their expenditures whereas SS is usually tax free at least to a large part. However would give us a chance to TAX THE HELL out of people like Teresa who paid a LOWER effective tax rate (15%) then probably 90% of the people on this thread. jdn