Saturday, January 3, 2009

Outgo Tax vs. Flat Tax

This site is concerned with taxes. The name implies that. We are interested in replacing the income tax system with an outgo tax (broadbased consumption tax or Federal Sales Tax). Most people think this is what Flat Tax is. There have been plans to revamp the I.R.S. with a Flat Tax and the most popular version, to date, is the Forbes Flat Tax proposal. However, this is still Income Tax. The Boston Tea Party's concern is the Income Tax Code is a higly complex bureau which manipulates citizens through tax codes. If the government wants to effect a certain policy it either rewards or punishes through tax codes or tax rates. The Boston Tea Party advocates a National Sales Tax of Ten per cent without exemptions. A tax that would be the same for everybody. There are those who argue the rich wouldn't pay enough. The Boston Tea party would argue the complex tax codes are created in order for rich people to use the loop holes to wind up paying an average of Seven per cent. After deductions and tax shelters. There are a lot of people who don't pay income tax. However, everyone buys things. Income tax would be nonexistant and only businesses would collect, report and pay Outgo taxes. That is our vision and we would like to know your thoughts and ideas on this issue.

by The Boston Tea Party reporter -=Glenn Fannin=-

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