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Old 12-29-2006, 01:07 PM
pgardn
 
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Default 23% sales tax; no fed. income tax

Proposed. By a guy named Bork. Where are those economic majors to sift thru this?

Whaddya think? I think getting rid of this huge accounting mess, making the IRS ... gone for the most part would greatly simplify my life. You spend a lot, you pay a lot. BTW, the 23% would basically match what the federal government obtains using the current system.

I guess this applies to any purchase... Wonder how this would affect the stock market. But, bottom line, no paying Uncle Sam in April (for me anyway, I am one of those that take their time getting the taxes done).
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