InvestorsHub Logo
Followers 113
Posts 13225
Boards Moderated 0
Alias Born 07/07/2002

Re: RDG013 post# 476847

Friday, 04/16/2010 7:43:33 PM

Friday, April 16, 2010 7:43:33 PM

Post# of 495952
RDG...

A flat tax and a national sales tax?? No thank you. Pick one or the other, for two large sources of income combine for too much temptation to spend and slowly raise the tax rates of both.

I also have come to believe that a significantly larger percentage of Americans need to be subject to whatever tax system we go to. At the present, far too many folks do not pay any income tax, so they have no stake in stopping out of control spending -- "let the rich pay for it and give it to me".

That is one strong argument for a national sales tax instead of a flat tax, although I personally prefer a flat tax on all income.

mlsoft

"As for me and my house, we will serve the Lord" -- Joshua 24:15

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.