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My comments

• This could be addressed
  Food and prescriptions could be exempt. You could even exempt healthy food while taxing candy, soda, etc. You could exempt the first $10K of a car or the first $100K of a house and tax everything over that. Poor Boy could buy that $20K car used for $10K and pay no tax while Rich Boy would pay tax on $50K of his $60K car. Same for houses. Most rich people will spend their money on more expensive items because they can. Regardless of where the CEO gets his income, he still spends it and would be taxed.

  April 14, 2007

  1 reply

• We Need a Different Approach
  The IRS will never be able to keep people from under reporting or not reporting income. Everyone, however, tends to spend most of their income. If the US went to a national sales tax it would not only eliminate the problem of trying to keep track of all income, but would eliminate all the time and money wasted on tax preparation and reporting, encourage savings, and reduce the size of what I am sure is a huge, bloated, expensive agency.

  April 14, 2007

  0 replies