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

To: LindyBill who wrote (232574)	12/25/2007 7:05:18 AM
From: skinowski	Read Replies (2) \| Respond to of 794059

I think that a small, perhaps flat tax rate, combined with a high sales tax - makes sense.

To: LindyBill who wrote (232574)	12/25/2007 10:56:21 AM
From: Justin C	Respond to of 794059

a single 23% national sales tax ... dubbed the "fair tax" There's a significant problem with this concept that's rarely mentioned. If a 23% national sales tax were enacted, the portion of one's assets (cash, investments, etc.) that were acquired with after-federal-income-tax dollars would be taxed again when liquidated and used to purchase federal-sales-taxable items, resulting in double taxation, which would be an "unfair tax". I once emailed the Fair Tax group asking how the double tax would be avoided, and they declined to address the problem. A local Rupublican operative told me a national sales tax will never happen unless the double taxation issue is addressed. Does Mike Huckabee ever address this problem? Very likely not, just as it is never addressed when someone appears on CNBC or FBN pushing the idea. Otherwise, I think replacing the federal income tax with a federal sales tax is a great idea. :)