Re: Bush to eliminate IRS and replace income tax with a national sales tax

From: smithaa02 (asdf_at_asdf.net)
Date: 08/10/04 

Date: Mon, 9 Aug 2004 19:06:08 -0500

One perk of the national sales tax is that it would probably tap black
market economies that have been flying under the current income tax radar.
A drug seller probably doesn't report their income as taxable, and yet they
will pay taxes if once they purchase something like a boat or car.

The sales tax seems appealing for it seems objective as opposed to the
subjectiveness of the income tax, but this really isn't the case. Why is
the sale of labor (income) not taxed? From there, the sales tax is
destroyed with a 'where do you draw the line arguement'. The same elaberate
schemes devised to avoid the income tax would pop up with a national sales
tax.

The biggest problem with the national sales tax is that it targets
transactions and not assets, thereby encouraging self-contained economies
and doing little to the address the underlying problems concerned with our
skewed distribution of world assets.

Rue The Day <ruetheday@outgun.com> wrote in message
news:a44a8c58.0408031328.2e82403@posting.google.com...
> http://worldnetdaily.com/news/article.asp?ARTICLE_ID=39762
>
> Apparently, this is Bush's big plan for his second term.
>
> Personally, I think the idea of a national sales tax is silly.
> However, I welcome the opening up of serious public discussion on the
> complete replacement of the current income tax system with something
> better. I think that this is the opportunity of a lifetime for
> Georgists. Get the public and the politicians to agree that the
> current tax system is broken and evil and that it must be replaced.
> Once the momentum for change has been gathered, it's just a matter of
> convincing people that the solution is not a national sales tax, but
> rather, a national Land Value Tax.

Relevant Pages

  • Re: what Oms tree-trimmers do on their days off
    ... the point is that BUYING anything is not an income tax event to the buyer. ... but state sales tax. ... Gambling NET wins are taxable by the IRS. ...
    (misc.fitness.weights)
  • Re: What say, Shyster1040 ??
    ... , of problems with the current income tax ... and which are administered via the tax code ... In order to achieve that same subsidy in a sales tax world, ... the IRS' own statistics on how much revenue was lost to tax evasion. ...
    (misc.taxes)
  • Re: What say, Shyster1040 ??
    ... , of problems with the current income tax ... > give certain types of people, and which are administered via the tax code ... > In order to achieve that same subsidy in a sales tax world, ... > the IRS' own statistics on how much revenue was lost to tax evasion. ...
    (misc.taxes)
  • Re: Tax man is Unfriendly, Boo Hoo!
    ... > an income tax, you've just lost money because the sellers' income just went down ... > If both a sales tax and an income tax are factors, ... the state income tax is 3 percent. ...
    (rec.aviation.piloting)
  • Re: Sales Tax Algorithm
    ... invoice for the US and Canada ... I'm aware that there's a different sales %tax rate% for each US state, ... so that the total sales tax can range between 6.25% ... not allow either the State of California or the State of Massachusetts ...
    (comp.programming)