The Current front running GOP. candidate insults our intelligence with his 9-9-9 tax plan now, but he really wants to segue to a 30% national sales tax all of which Bloomberg BusinessWeek writer seems to like even promoting it as good for the poor, though, sales taxes are shown to be the most regressive types as poor people must spend a greater percentage of their income.
Plus the wealthy can get goods from abroad w/o the onerous sales tax more easily and so can certain shady types quicker than you can say "black market".
So then you have to collect VAT taxes again likely paid only by honest people plus add on first $40k free plans and added tax on homeowners and you get the kinds of incredibly complicated tax filings that are making people tell horror tales in some VAT using countries.
BusinessWeek was much better before it got that Bloomberg name put in front.
BTW added tax for home ownership? Right now, even, after the train wreck of the housing market what your house is worth is partially supported by the tax incentive that comes with ownership.
Do the "FairTax" really want to halve the value of Americans' homes again? (Full disclosure: I don't own a home but I do have relatives that do, and I care about them.)
BTW did you notice what purchase no one talks about taxing? The purchase of political power through campaign donations.
Hmmm, I wonder why.
(Telephone rings at Bloomberg BusinessWeek.)
"Hello Mr Koch!
Sure I have time to talk!"
http://bit.ly/pNMiYV
