Quote:
Originally Posted by Lamplighter
Merc, in this land of equality where everyone will have the same stake,
do some citizens get tax deductions / credits / exemptions
based on the form of their income (e.g., investment vs hourly wages ),
or has all of that sort of tax-avoidance been eliminated ?
Or, is taxation not based on income at all, but instead equal taxation
applied at the time of expenditures (VAT) ?
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We don't live in a land of economic equality and never have. Not everyone has the same stake in our economy, hence the phrase "Zero Liability Voter". Our progressive system is currently based only on income. I would welcome a VAT, if it replaced a huge decrease in the current tax basis for all income earners. That or a flat tax ala the Boortz plan, which contrary to it's critics would give us a lot more money than the current scheme.