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U.S. Debt Tops $14.3 Trillion for First Time
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04-19-2011, 07:04 PM
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Shootohoist
Join Date
Oct 2005
Posts
478
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Implement the Fair Tax & all other Fed taxes cease. It eliminates every income tax deduction (dodge) for all tax payers. No more loopholes. No mortgage deduction, no healthcare deduction, no earned income credit & most importantly, no more corporate income tax breaks or loopholes. GE & the rest will pay their fair share. At the same time, the fed. gasoline tax goes away as well as phone taxes, energy, etc etc etc. If states would follow suit it would eliminate all other state taxes also. I keep hearing congress critters saying things like "we need a more fair, flatter tax rate". That couldn't be more true. The "progressive" structure is geared to help progressive supporters, from the corporate board rooms & financial leeches on Wall & Broad to the gimme class & those really in need. Conservatives, who make up the vast majority of middle income earners, keep getting it piled on our backs. But the Flat Tax is just another income tax that can be structured to continue helping whomever has the best lobbyists while penalizing the rest of us.
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