Reply #8: I vote flat tax [View All]

[M155Y_A1CH]

I'm for the flat sales tax but with a few exemptions.

The necessities of life such as
food, water and primary shelter should be exempt.

If you earn only enough to get by, you would pay no taxes
by nature of the exemptions.

If you have enough money to spend on anything else,
you would pay a flat percentage (to be argued over for decades).
I like 10% for now to help rebuild the "lock-boxes".

The more luxurious a purchase, the higher the price as well as the total tax bill.

This would work to assure that those who enjoy the finer things in life would indeed pay taxes on the money that they enjoy. No loopholes to it. Everything that costs money and is an asset is taxed at the point of sale.