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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (52537)2/3/2006 12:45:22 PM
From: Broken_Clock  Read Replies (1) | Respond to of 110194
 
A consumption tax structured as a flat tax coupled with elimination of the current IRS regs would work as long as there was a stepped tax break, IMO; i.e., incomes under 30k per year get a %refund of the taxes they paid. Never gonna happen but dreams are good...

Simple is good but simple doesn't allow special interest(crooks) to tip the scales of injustice in their favor.



To: Crimson Ghost who wrote (52537)2/3/2006 12:51:10 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
He wanted a consumption tax on the high end.
I think if you excluded food, clothes, etc, and lowered other taxes it would help the low end.

Mish