Paladin wrote:
"Joe" wrote in message ups.com...
How's about a flat sales tax of 10% for American made goods and 15% for
imports.


Are you getting up there in age, Joe?

Not even mid 40's yet

Do you have any money saved for retirement?

No..I have money saved to go cruising. Do not plan to retire, I like my
work too much.

If you do have money saved,
it is money you paid income taxes on, most likely.

401-K


What if you have 100 thousand dollars saved. It's worth 100 thousand
dollars. If they all of a sudden get rid of income taxes and put on a sales or "consumption" tax of 20% (that's the
minimum it will take BTW) your 100 thousand suddenly is worth only 80 thousand to you. You have just been taxed TWICE
on the same money. Can you live with that. Can your parents if you are young and don't have any retirement savings?

I failed to mention making existing retirement funds exempt.


Can you just imagine the huge Canadian or Mexican black market that would result if people could keep from paying that
20% consumption tax?


By then the fences should be up and ready.

Joe


Paladin
(Have gun - will travel)



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