Friday, August 15, 2008
The way our tax code is presently followed, only honest people are taxed. Law breakers and cheaters do not pay federal income taxes. If you earn an honest wage, it is taxed by your employer before you even see it. On the other hand drug dealers, robbers and illegal aliens do not pay any federal taxable income and that is because they simply do not report their income.
I suggest that the flat sales tax be implemented in order to correct this problem. If a criminal buys a car, boat, Giant screen TV etc. he will have to pay the sales tax just like the rest of us honest folks.
The other benefit is that you will not have to pay anyone to fill out the complicated tax forms and you would not have to keep receipts and records for many years.
Rich people who spend more money than poor people will have no loopholes to fall back on. They will pay more in taxes because they consume more. And the very rich will have no reason to hide their money offshore in the Bahamas. They would probably bring their wealth back to the U.S. and invest it here which would give our economy a boost.
A fringe benefit is that the IRS can be much, much smaller and you won't have to deal with rude government workers anymore.
Please think about it and support all efforts to bring about a fair consumption tax.
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