Monday, September 24, 2012

An interesting tax proposal

Below is an interesting tax proposal; would it improve our national circumstances? 

We would have to try it to see. Certainly, it would simplify many things and eliminate much lobbying and political jockeying. If you are interested, please read the whole article.

"Want to rebuild America? Start with the tax code

...Replace the current mess with a national sales tax. Tax consumption and only consumption. Don't tax investment, education or income. Eliminate the income tax, the employment tax and the corporate income tax. Just tax consumption.
'It's very progressive, but on a discretionary basis,' he said. 'If you buy a Bentley and I buy a Ford, you'll have to pay about 20 times the taxes I pay. People that spend more money will pay more taxes.'"