') Would open up a whole new can of worms....especially since the Reps listed previously want to revamp the ol' tax system.
Follow his case at TheLawThatNeverWas.com/new/home.asp
PR anyone?
Not to mention this bill is fundamentally flawed as it would only increase the burden
on the poor, while the rich could avoid taxes entirely by having their items imported or through the formation of black markets. What percent of the
rich's income would go into a sales tax? Do you really think they'd spend 50% of their total income... taxing the annual income is the only reason
our current tax system works.
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.[1][2][3][4][5] In simple terms, a regressive tax imposes a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the tax rate and the taxpayer's ability to pay as measured by assets, consumption, or income. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, where the average tax rate exceeds the marginal tax rate.[6][7] It can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Regressive taxes attempt to reduce the tax incidence of people with higher ability-to-pay, as they shift the incidence disproportionately to those with lower ability-to-pay. The
... and the rich get richer, while you fools cheer their every move. I suggest some of you stop listening to Alex Jones... it's through outlets
like his where these ideas are spread and given unquestioned validity, while thinking it's "revolutionary" and believe he's really fighting for
"freedom and liberty," when it's really his pocketbook he's concerned about. What it all boils down to is the rich versus the poor.Originally posted by MoonMine
reply to post by Total Reality
Isn't it strange that Ron Paul has not signed this bill (yet)?
How odd, I would suspect he would be frontrunner on this one.