White House Floats Idea of Dropping Income Tax (altogether)

New York Times, Business and Financial Desk, Page 14, Column 5 ^ | 2/8/2003 | EDMUND L. ANDREWS

[Bigun]

White House Floats Idea of Dropping Income Tax Overhaul By EDMUND L. ANDREWS

WASHINGTON, Feb. 7 — President Bush, having already set off a firestorm over his proposals to cut taxes and revamp retirement accounts, suggested today that the time might be near to drop the income tax as a whole and replace it with some form of consumption tax...

[Bigun]

Best news I've heard on the financial front in my lifetime I think!

[Nick Danger]

NRST Ping

[aruanan]

White House Floats Idea of Dropping Income Tax Overhaul

This title doesn't say what the story says.

[glock rocks]

my cpa just had a coronary.

[Anti-Bolshevik]

Abolish the socialist unconstitutional slave income tax BUMP!

[Dan from Michigan]

I like this idea.

[goldstategop]

Every one from Alan Keyes to Joseph Farah wants the income tax junked. It doesn't need to be fixed; the IRS and the entire so called "progressive tax" system has to be abolished before we slide into serfdom and outright tyranny.

[Wphile]

I'm a CPA and I say go for it! The tax code is an abomination. Just think of all the lobbyists who would be out of a job too!

[glock rocks]

bump!

[Hoverbug]

You're correct! In fact, the headline says the exact opposite of what the story says.

[Wphile]

Dropping the income tax would do much more than any stupid CFR bill will do!

[lodwick]

5% National sales tax bttt!

Do it now.

[Billy_bob_bob]

Oh, sure, now that I've given up on working hard for a living (because all of my money got taken in taxes) and set myself up to live a modest lifestyle on savings, NOW they want to go and get rid of the income tax. To heck with that! I've finally got myself set up to beat their stinking game and now they want to go and CHANGE THE FREAKING RULES!

AAAAARRRRRRGGGGGGHHHHHH!

So now my savings will get eaten up twice as fast (once the price of everything DOUBLES when this tax is imposed, you just wait and see) and I'll have to go back to work anyway. Plus, they'll find to way to keep the income tax too! Just wait, you'll see. The government won't quit squeezin' until we're all singin' soprano.

[Frohickey]

Repeal the 26th Amendment first... then we can talk about a replacement.

[B Knotts]

I dunno what the orignal headline was, but this headline would make a lot more sense with the last word dropped. It's confusing as it is.

[TLBSHOW]

BIG BUMP

[nocommies]

let him find a real job now

[B Knotts]

BTW, this is great news, and I hope they are somehow able to accomplish this.

[Wolfstar]

True, but the story sure is GREAT news. Like Bigun, I've been waiting my entire life for a president or Congress to even so much as float this idea. This president sure isn't wasting his term in office, that's for sure.

[Bigun]

News you MAY just be interested in!