Quote:
Originally Posted by Antitrust32
My friend had an idea. No federal income taxes but a flat Federal tax (say 6-7%) on all goods and services that you buy.
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That, I think, always sounds like a totally logical idea, until you get to thinking how much that disproportionately would affect the poor who would be taxed on everything they need to keep their lives going (which usually amounts to nearly all of their income) with the little money they already have, while the rich would be taxed on only a small percentage of their income in comparison.
Which makes it even more shocking that the GOP has not been trying to ram such a plan through Congress.
06-04-2011, 12:02 PM
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