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GOP Discusses National Sales Tax
Not sure what I think of this. Certain aspects are very appealing to me. My guess is that this would need to be phased in over a 3 year period. You cannot immediately raise the price of goods when no one has received the income tax benefit yet, that could cause a depression. The $64,000 question is would this change the consumer crazy attitude of us Americans. I actually think not so it might work.I am also wondering what it would do for lower income people. This can be a burdensome tax on them. Would it be offset by higher wages? I am not holding my breath on that one. Also, how does this affect housing prices? Do you make buying a house exempt from this tax or tax it lower to make up for it and do you tax rent? I say that if there is a bone of some type to throw to lower income people (either give them money directly or put an additional asset tax or nominal income tax on the rich, with no deductions, to offset any imbalance that may occur). You can't have millions of people starving because of this. Posted by: Ol_Dirty_American 2004-12-01 |
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