No, a 26% consumption tax raises sufficient revenue
Flame » in reply to I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands.
The whole thread (29 posts)
- US Tax Code
- Consumption tax drawback
- The wealthy in this country, have most of the money.
- With a consumption tax....
- You mean... We'd have to actually.... ENFORCE border security?
- re: You mean... We'd have to actually.... ENFORCE border security?
- That might work, but here comes the paperwork again. (n/t)
- An at-the-register value added tax would be virtually paper-work free
- re: value added tax
- Poverty ID
- Solution: Tax everything and pay the poor
- fascinating ..
- I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands. (n/t)
- In effect that's what Fair Tax proposes
- re: value added tax
- An at-the-register value added tax would be virtually paper-work free
- That might work, but here comes the paperwork again. (n/t)
- re: You mean... We'd have to actually.... ENFORCE border security?
- You mean... We'd have to actually.... ENFORCE border security?
