Re: Greenspan says deficits are 'unsustainable', proposes national sales tax

From: Dave C. (noway_at_nohow.not)
Date: 03/07/05 

Date: Mon, 07 Mar 2005 00:29:36 GMT

> >>
> >>dunno... if it meant no income tax??? hm. i try not to consume all that
> >>much. itd be more of an incentive to buy stuff used. the jackholes into
> >>all the blingbling can be taxed to death.
> >
> >The way a consumption tax would work would probably be to calculate
> >total income, subtract savings, tax what is left.
> >
> >Thanks,
> >Big Dog
> >
>
> Then why would it be called a "consumption" tax?
>

Well, would you rather save every receipt for EVERY penny that you spend on
anything? If the money isn't in your bank account, it can be assumed that
you were a good consumer and spent it on something. I suppose if you could
prove you stuffed it all in your mattress, then you could probably get a tax
break (and a psych eval) :) -Dave

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