I didn't mean to imply it was a GOOD idea (don't know enough to have a real opinion).
But it is doable. Many states (Florida, Washington, New Hampshire for example) have no income tax, and it seems to work for them. And I don't know that it would provide much disincentive to purchases, as most purchasing by lower-income groups is NOT discretionary, and discretionary spending by upper income folks is not going to be impacted by taxes, as they don't even seem to be impacted by price. That is the beauty, though, of state independence. We SHOULD be using the states as laboratories for new and good ideas, and having the Fed steal the ones that are working really good and use them for the country. Jerry On Tue, Apr 26, 2011 at 2:59 PM, G Money <[email protected]> wrote: > > 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:336856 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
