A national sales tax would have to be convoluted before it even received passage in the Congress.
Four things make a national sales tax dead in the water: 1. That $3 gallon of gas you just bought could now be $3.50 (or more). 2. The $200K house you are buying will be $240K after sales tax...and since there is no income tax, there is no tax deduction on mortgage interest. 3. The current tax system is the bread and butter for many very powerful people, including the federal government. It's easy enough to retrain uneducated textile workers whose jobs got shipped to Brazil or China, it's quite another to retrain all the tax attorneys and accountants who are paid very well to understand the income tax game. 4. The American economy is currently built on consumption and a consumption tax would theoretically reduce consumption. Just ask anyone doing business near the border of another city or state with a lower sales tax rate. Ok...I have to write code now... -----Original Message----- From: Cameron Childress [mailto:[EMAIL PROTECTED] Sent: Friday, January 25, 2008 8:23 AM To: CF-Community Subject: Re: CF-Community Presidential Poll Billy Cox wrote: > To boil it down, we lower the tax burden on the rich and we raise the > tax burden on the poor. I don't see this ever becoming reality, but if > it did, it would be just as convoluted as the current income tax > system and the 'fair' title would be a joke Any tax plan is going to become convoluted after a few years - that's what congress does. Careful not to throw the baby out with the bathwater. -Cameron ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:251931 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
