>Money, etc., reform and a digital visual library have been >combined in the current text at www.tiea.us Comment >will be appreciated. > >The President yesterday endorsed an end to income tax >in favor of a progressive consumption tax -- a sales tax >of 20% with food and medicine exempt and a cash >compensatory check to all who earn less than can afford >the tax. >
We have this now in Australia- it's called a Goods and Services Tax- but we have income tax redistribution as well...note our Consumption tax is on Services as well. For instance, When a charitable organisation receives a grant of $10,000 from any body, it immediatly must pay $1000 of it to the Government as GST >The plan for this kind of a consumption tax to replace >the incomprehensible income tax and to come close to >a citizens dividend for people who ought to receive one >has been around for years. This is the first time it has >received Presidential endorsement -- although the >change will be opposed by those who sell loopholes >(lawmakers and lobbyists) and those who do taxes >for money (accountants, tax preparers). Look for the >change in ten years. > >My news came from NBC TV and it may be more than >is posted to the Whitehouse site -- which I have not >checked. > >John Gelles > ==^================================================================ This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^================================================================
