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


To: goldworldnet who wrote (673935)3/3/2005 2:59:50 PM
From: Wayners  Respond to of 769670
 
Thats exactly right!



To: goldworldnet who wrote (673935)3/3/2005 3:13:08 PM
From: DuckTapeSunroof  Read Replies (2) | Respond to of 769670
 
"The idea of a consumption tax doesn't sound bad to me,"

I could go for either a consumption or a flat (or modified flat) tax system.

"but the obvious worry though, is that we could end up with a consumption tax and an income tax both."

Yep, that's a real risk from 'half-hearted' sham reform. IMO the politicians are either too gutless, or too in-the-pocket of vested interests, to go for TRUE reform --- wiping out our current massively over-complex and corrupted code and replacing it with a simple, fair system.

But why should we allow ourselves to fall so far behind the former Communist nations of Europe who have gone for major tax simplifications?



To: goldworldnet who wrote (673935)3/3/2005 4:00:44 PM
From: willcousa  Read Replies (1) | Respond to of 769670
 
Or a consumption tax alone but having the potential to raise really big revenues on basis point increases in the tax rate. Too tempting for congress as we know it.