Postby TW » November 26th, 2007, 7:27 pm
The problem that I see with the Fair Tax Plan is that it is progressive. I don't like loop holes and the plan starts out with a big loop hole. While it is a noble sounding idea to not tax the poor, someone is going to have to make up that lost revenue. Guess who that someone is! That's right, the rest of us. We will be penalized for working to better ourselves in having to shoulder the higher taxes than a flat rate would call for. Under a flat rate plan all income taxes would be eliminated, federal and state. This country can be run on 15% of the Gross National Product. Let the states collect the taxes then send the federal government their share. I have no problem with paying my share of the taxes, I just want everybody else to pay their share. A progressive tax system will always discourage people from trying to better themselves, why should they when any gains they make will be eaten up in a higher tax bracket.
TW
Anglo-Saxon Proto-English Manuscripts (995 AD): “God lufode middan-eard swa, dat he seade his an-cennedan sunu, dat nan ne forweorde de on hine gely ac habbe dat ece lif."
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