Re: Gibson raided
Hello Mark,
I think he's referring to a flat rate Income Tax. There have been many highly regarded, Nobel Prize winning, Economists that have been suggesting for over twenty years, that such a plan would work. It would collect enough Taxes to actually pay the Budget and help pay down our Nation's Debt. There would be no deductions or exemptions allowed for the Tax payer and his dependants. The Income Taxes would be collected as they as supposed to now...through Payroll withholding.
I'm not so concerned with Tax preparers, Accountants, and Tax Auditors...there would still be jobs for them, but involved with Business and it's Taxes.
(and since when have they ever been concerned with any other occupation's welfare? ;o) )
I know that an only "sales tax on purchases" plan is really not going to work, and would not be acceptable to anyone. It would never raise enough revenue to offset any of our current budget or debt. I'd hate to see people penalized for purchasing...(like they did for a short time)... remember the luxury Taxes? And, as you've said, the Taxes would raise the prices of purchasing items to the point of pricing items out of the Consumer's reach.
FWIW...Pizza is one of the last, inexpensive luxuries that many Americans can afford....don't mess with Pizza.
Cheers,
Hammer
