On Mon, Jul 4, 2011 at 1:40 PM, Gruss Gott <[email protected]> wrote: >> "The nation's wealthiest 5% of households account for about 37% of >> consumer spending" >> >> http://www.usatoday.com/money/economy/2011-02-21-1Aluxury21_CV_N.htm >> > > So if the goal is revenue why not just do a VAT?
Taxes generate revenue, yes. So regardless of the tax system, revenue is required and therefore a goal. VAT takes goods at every stage of production. FairTax just taxes the final retail product. This simplifies the tax structure. You know, so it doesn't take 10,000x more people to enforce it. -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:339809 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
