Subject: Flat Tax or Sales Tax Comment: I like the idea of a FLAT TAX, which exempts people with a gross income below a specified amount, in that every taxpayer would be contributing the IDENTICAL NUMBER OF DAYS OF WORK to support their government. The "rich" would pay more dollars, in that the income derived from their day of work is worth more than that of someone at the lower end of the spectrum. Rather than taxing income from work and from investments, the better approach would be to TAX SPENDING, either through a National sales tax or a value added tax. This type of tax would not inhibit capital investment nor would it penalize the income derived therefrom. It would stimulate growth in the economy to a level not seen or even imagined by most politicians. |