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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (370483)	2/10/2008 1:26:56 PM
From: steve harris	Read Replies (1) \| Respond to of 1577025

it would make it better the current system is broken because the politicians are fighting over who gets a free pass based upon how they vote

To: bentway who wrote (370483)	2/10/2008 1:28:03 PM
From: neolib	Respond to of 1577025

Yes, national sales tax + state sales tax (how many states could keep income taxes if the feds ditched it?) + employment tax would be 30-40% the bottom wage earner's first dollar and all the rest of their dollars as well. It would be 0% of many people's $100K + 1 dollar that goes into investments. Currently IRA's already offer that distortion, but at least they are capped and somewhat restricted. I'm all in favor of simpler tax systems, but mainly I would focus on equalizing all the scams in the current system.