On Tue, 09 Nov 2004 13:15:56 -0500, Dave Hall wrote:
Items such as food, clothing, medicine, and other essentials could be tax
exempt or taxed at a significantly smaller level (say the current 6%).
"Luxury" items, such as mega-yachts, private aircraft, exotic vacations,
etc could be taxed at a higher rate, which could then be used to offset
the tax rate for other consumer goods.
And out the window goes a simplified tax code. ;-(
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