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make that a BRACKETED flat tax:
0 -> $50k @ xx%
$50k -> $100k @ yy%
$100k -> $250k @ zz%
$250k+ @ ww%
Determining w, x, y, and z ?
Well that's best left up to those high
educated government analysts and statistical "specialists" who command some
pretty high salaries.
<BLOCKQUOTE
>
<FONT
face=Tahoma>-----Original Message-----From: delta88343@xxxxxxx
[mailto:delta88343@xxxxxxx]Sent: Saturday, August 14, 2004 9:21
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Fwd:
Bond and S&P Update
I know the sales tax concept is an alternative to the flat tax
concept, but It just doesn't sit right with me to tax goods in such a fashion.
It's a penalty for purchasing which ultimately I don't think would be good
economically. One would never know what level of tax one is paying either.
Flat tax. No deductions.No IRS. Just take a percentage off the top and be
done with it.
And while we've gotten rid of the IRS, let's get rid of the SSA as well.
Another over bloated gov agency that takes a substantial part of the tax it
collects just to keep itself alive.
Simplicity. A governmental oxymoron.
I'm finished. Thanks for listening.
In a message dated 8/13/04 9:28:20 PM Eastern Daylight Time,
clydelee@xxxxxxxxxxxx writes:
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If you really wanted a FAIR tax then consider
this:
On every transaction in which value was
exchanged
(purchase of goods, purchase of stocks, purchase of
homes,
anything you might dream of) there would be a very
small
tax based on a percentage of the dollar value of the
transaction.
Simply take the GDP and find out what % of that would
be
required to generate the equivalent of our current
taxes and
suddenly we would see FAIRNESS in taxes as a function
of
those capable of paying taxes.
This would simplify the collection -- % of gross sales
-- and
reduce the IRS audit problems to almost nothing.
No exemptions,
no alternate minimum tax, no BS, just a simple method
of
supporting our incessant desire for Government
intervention
in all aspects of our
life.
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