Ok, at first, I thought you were just soputing BS to try and stir things up.
Then I opened the morning paper. There was an article on this very subject
in there.

It would seem that *I* am the one without all the facts, and that you are
right.
My apologies.
Even more than that, the way they have written about it in the paper, it
scares the hell out of me.

Kate


"Tax Man" wrote in message
...
| Most states have sales tax and you would still have it plus the federal
| sales tax of probably 20 or 25%. With your regular 10% sales tax plus
| the 25% federal sales tax, you would be paying 35% sales tax. On a $1000
| dollar item such as a refrigerator or a riding lawn mower, you would
| have to pay an extra $350 on the item. Most low and middle income
| earners spend every dime the make and more. They would be paying taxes
| on every dime and more that they make. The rich man who doesn't spend
| every dime could have millions or billions left over that he wouldn't
| pay cent of taxes on. My state (Illinois) has a sales tax plus a state
| income tax. We would still have these plus the Federal sales tax.
|
| SVTKate wrote:
| I live in a state in the US that has the tax you are talking about.
| We do not pay a state tax and our sales tax is roughly 10%.
|
| We are able to deduct this tax on our federal tax return.
|
| You may think you know what you are talking about, but I don't believe
that
| you have all the facts.
| It works better this way, trust me.
|
| This way everyone pays on everything that they purchase. If you buy
less,
| you paly less, buy more, pay more.
|
|
| "Tax Man" wrote in message
| ...
| | Get ready Americans for the biggest screwing in all history. For some
| | time I have worried that the consumption tax (national sales tax) to
| | replace our income tax idea would take hold. This would be a nightmare
| | for low and middle income people. There is more and more talk every
day
| | for this. Now that old geezer Greenspan is saying it is a good idea.
He
| | adds that maybe we should also keep the income tax and have both.
Since
| | the consumption tax would be a rich man's dream, that is probably what
| | we will end up with. With a consumption tax, the low and middle income
| | earners would pay all of the tax and the rich man would pay even less.
| | Americans had better start raising hell with their congressmen and
| | senators now to stop this before it gains anymore momentum. The only
| | fair income tax replacement would be a flat tax with the standard
| | deduction and the family member exemptions and no other deductions or
| | loopholes. Please help spread the word.
| |
|
|
|