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sounds like what was his name...Steve Forbes . This idea may be valid but it
never has legs since most of our tax code is a complex attempt at income
redistribution. A national sales tax leaves to many groups out totally out of
the loop (read powerless).
Randy Smith
William Wood wrote:
> What do you gals/guys think about a national sales tax instead of an income
> tax. I like the idea. First a sales tax eliminates the IRS totally and
> saves the huge collection and compliance expense we now face. A point of
> sale collection system could funnel sales tax to state and federal
> authorities and eliminate all that hassle. Second the undergound economy
> would now be taxed at the point of sale. The combined savings between the
> elimination of the IRS and the elimination of the presently untaxed
> underground economy would probably permit a material tax cut. This plan
> also eliminates the current tax bias against savings. You could make all
> you want and save all you want tax free. You could control your tax
> liability to a certain extent by choosing when and how much to spend.
>
> Bill Wood
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