Posted: Apr 25, 2005 By: Pete Horton

Comment: I am retired. I worked hard for many years and always paid attention to
saving for the future. Although the stock market crash early this decade
has hurt my position I am still able to provide a reasonable, not fancy,
retirement for my wife and myself.

I would like to see the current system symplified however, I feel very
strongly that we should not go to a VAT or similar consumption based system.
For those of us who saved all our lives, paid our taxes and made the effort
to think about our futures, a consumption based tax would be double
taxation. If that happened I would have to return to work to make ends
meet.

Thank you for your consideration of my position and the effect of a
consumption based tax system on retirees.

Peter J. Horton