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To: GeronL
I think that setting everyone's deduction at the poverty level and then taxing everything else at the same flat rate would make for a fair, equitable, easy-to-administer tax.

If Cain's plan morphed into something like that I would be all for it.

7 posted on 10/21/2011 1:27:12 PM PDT by who_would_fardels_bear
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To: who_would_fardels_bear

He needs to dump the sales tax and the zones.


9 posted on 10/21/2011 1:32:11 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: who_would_fardels_bear

Yes. That would have been the way to go.

Keep it 999, but set a standard deduction that is the same for everyone.

Yes, they would still hollar this “helps the rich,” but they couldn’t say it “hurt the poor.”

And the “poor” would still have to pay sales tax like everybody else.


26 posted on 10/21/2011 2:09:48 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: who_would_fardels_bear
I think that setting everyone's deduction at the poverty level and then taxing everything else at the same flat rate would make for a fair, equitable, easy-to-administer tax.

A universal prebate would do that. Say someone was the individual poverty level was set at 20K. If everyone received an $1800 check (more for couples and families), including the rich, the poverty level sales tax would be prepaid.

Of course, giving everyone money might require a slightly higher level of initial tax... 10-10-10... but it would answer your issue without the necessity for record-keeping as to income, which is one of the problems with our current IRS-driven system.

30 posted on 10/21/2011 2:20:20 PM PDT by Pearls Before Swine
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