Re: [GBlist] Taxing

[Alan Courtright <acourtri@linknet.kitsap.lib.wa.us>]

On Fri, 25 May 2001, Ron Byrd wrote:

> consumption tax
> 
> Ray Zorz wrote:
> 
> >
> > That's nice. How do you pay for roads, schools, police, fire, etc?

A consumption tax is a variant of a sales tax.  Sales taxes would have to
be scaringly high to take in enough income to get near replacing what the
income tax takes in (though the expenses would be far lower).  A
transactions tax, OTOH, might well take in enough to run the whole show at
a rate of a mere 1% (though nobody so far has been willing to try to
determine just what rate would be needed, mostly because nobody has yet
(in this country, at least) taken a transactions tax seriously.

                         -|//*Alan Courtright*\\|=   
                                Poulsbo, WA
                             acourtri@krl.org
                       



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