On Tue, Apr 26, 2011 at 1:53 PM, Jerry Milo Johnson <[email protected]>wrote:
> > Doing away with the income tax seems perfectly tenable to me. > > (Doing away with the income tax would just mean taxes would shift back > to consumption taxes, rather than income and savings taxes) > > Doing away with 1/3 of the revenue, not so much. > Wouldn't that create a deterrent to consumption that might prove harmful to the economy? I'm an idiot when it comes to the economy but, it seems to me that an income tax is much less likely to convince someone not to earn, than a consumption tax would be to convince someone not to consume. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336854 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
