Thread: FlatTax?
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Old 04-08-2005, 09:36 AM   #1 (permalink)
RidinHighSpeeds
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FlatTax?
What do you think about the flax tax?

If your not sure what this is...it would help eliminate the income tax where you only pay taxes on things you buy. And you can rebate the taxes on things like clothes, food, mainly necessities. So basically the more you spend, the more taxes you pay. The more you save, the more money you keep (goverment does not have their hand out).

The big plus for this is other countries would have to pay this tax as well when they are buying goods or trading with the US. After much research, 100s of billions of dollars can go to the US paying off Social Security and the big debt we have had for decades.

More information here:
http://www.fairtax.org/

Good video to watch on this tax system:
http://64.105.60.195/video/Hastert.wmv
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