Posted: Apr 29, 2005 By: John W. Boyer

Subject: Fair Tax

Comment: As a retired accountant, I wasted thousands of hours trying to figure clients taxes. From a 2 inch tax manual in 1959 to over 80,000 pages today, I have finally given up. I would much rather spend my time helping clients become more profitable by improving productivity and marketing instead of trying to minimize taxes. Don't tax the willingness to work hard, to be industrious and productive. Tax the propensity to spend and therefore, catch all the spending of the underground economy which is estimated to be 1/3 of our economy or about $5 trillion. At a consumption tax rate of 23%, this would raise an additional $1.15 trillion tax dollars over and above the income taxes now generated only on reported incomes.