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Old 11-22-2004, 10:59 AM   #21 (permalink)
kutulu
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KMA, you're talking out of both sides of your mouth. First you say that we are already paying a 50% tax rate because of all the "hidden" taxes. Then you say that a 30% consumption tax would be way higher than what the govt needs and in reality it would be under 20%? Right. Unless there is some drastic spending decrease it isn't going to work.

Quote:
Also, the cost to make the loaf of bread could very feasibly go down because the manufacturer is wasting man-hours and money on tax compliance.
The man-hours spent on tax compliance are negligible when compared to raw materials, labor, and equipment costs.

The ideals progressive system are perfect. The implementation of it has been flawed. Once we close the loopholes that allow the rich to escape liability it will work much better.
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