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From my (albeit very limited) understanding of the proposal,
necessities like food would be exempt which would ease the burden on the
poor considerably. How many TVs and cars does a family buy when they're
having trouble keeping food on the table?
Rick
Vern Green wrote:
I have not read his book per se, but there have been a lot of
proponents for a flat tax out there. One was Steve Forbes back a few
years ago when Perot was running for President.
I would agree with a true flat tax. Of course a flat tax of 14 or 20%
would be considered a hardship for the poor in the country. At least
that is what killed it when Forbes was running for it.
A consumption tax would be good, but then again the poor in the
country would get hit harder.
Of course this is what the politicians tend to say. For me, I think
many of them are in the pockets of teh lawyers and tax preparation
lobby. How much money does HR Block make every tax year?
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