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In theory I support this and think it makes sense on a lot of levels. The problem is they will never drop the income tax. So as long as that is around I oppose any and all other taxes.
I like a single 17% flat tax with no deductions (no mortgage deduction no nothing) OR I would support a big sales tax on goods and services BUT they have to drop the income tax. and cap gains taxes.
I support them for several reasons
1) it is much simpler and does away with deductions and people twisting the reality to get deductions.
2) AMT - is a joke While they claim they don't raise taxes this is a stealthy way they get more money from you without "raising " taxes Our tax system is way too complex.
3) Everyone pays based on what they consume. Even illegals and drug dealers when they buy their speed boats, fancy cars and guns. We will see more revenue . You buy something you pay.
4) There is no filing
5) Most libs don't like it because right not now the "poor" don't pay much in the way of taxes and now they would have to pay something (although since they are are poor they don't consume much so they would not pay much) Also this could be progressiveized with some sort of standard deduction.
6) I like it because they could do away with the cap gains tax as well. This would spur investment and could grow us out of the giant hole we are in.
The problem with Libs is that while they are "pro jobs" they are anti-business and see profit and capitalism as a sin. They love taxes, they like playing robin hood and growing government.
You want good jobs... create incentives for the wealthy to invest in creating NEW business...let them (the wealthy) keep the $ they make by taking risks with their capital. That's it.
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