MYP, I too am a proponent of a general consumption tax that would to whatever extent feasible replace our income taxes.
Refer to the first two messages of the discussion:
http://politicalfray.com/economics/1821-fair-tax-can-only-passed-incrementally.html .
Fair tax proponents that insist our entire major tax revenue source be transferred in a single step are insisting that the fair tax shall never be passed by the U.S. Congress. The tax sources must be transferred simultaneously but in incremental portions. It would be highly imprudent to enact it all within a single step; multi steps allow any glitches to be corrected.
Sales taxes are not regressive but they are flat rather than progressive. They can be drafted to have to a limited extent some progressive attribute.
Refer to the following message entitled “Drafting a more “progressive” general sales tax”.
I’m a proponent of the VAT method of sales tax; refer to the discussion thread entitled
“Value Added Tax, (i.e. VAT) a particular and superior sales tax method”.
Respectfully, Supposn
Refer to the first two messages of the discussion:
http://politicalfray.com/economics/1821-fair-tax-can-only-passed-incrementally.html .
Fair tax proponents that insist our entire major tax revenue source be transferred in a single step are insisting that the fair tax shall never be passed by the U.S. Congress. The tax sources must be transferred simultaneously but in incremental portions. It would be highly imprudent to enact it all within a single step; multi steps allow any glitches to be corrected.
Sales taxes are not regressive but they are flat rather than progressive. They can be drafted to have to a limited extent some progressive attribute.
Refer to the following message entitled “Drafting a more “progressive” general sales tax”.
I’m a proponent of the VAT method of sales tax; refer to the discussion thread entitled
“Value Added Tax, (i.e. VAT) a particular and superior sales tax method”.
Respectfully, Supposn