Cameron Childress <[email protected]> wrote: > > On Jul 2, 2011, at 7:17 PM, Maureen <[email protected]> wrote: >> Personally, I think a national sales tax on everything but food, >> medicine and services to replace the current income tax system would >> solve a bunch of problems - and would be collectible across the board >> from all retail sales. > > FairTax!!!! >
So the problem with the Fair Tax seems to be that 10% of $1000/mo spend is the difference between poverty and not, whereas the 10% of $100k/mo spend is the difference between ... well, not much. Maybe a Ferrari payment. But definitely disproportionate. So then you're left with saying, "ok, so we'll bake all kinds of policy agendas into the tax; exclusions for certain income levels, incentives for investment, blah blah blah." And thus you're back at the existing tax code just with sales instead of revenue. How does that gain anything except as a jobs program for attorneys? Plus it seems like it'd be WAY easier to scam than income tax. For example how could you even audit someone trying to game the system? whoa. Sounds like design, implementation, & enforcement would cost WAY more than just tinkering with the existing system. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:339743 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
