The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: FairTax||Date: 9/27/2012 6:03 PM|
|Author: JAFO31||Number: 116694 of 124774|
JAFO31(in part): <<<It will require a Constitutional Amendment. no easy task.>>>
"Why would a national sales tax require a constitutional amendment?"
In and of itself, a national sales tax would not, but FairTax is a very specific proposal and is based upon abolition of the federal income tax as curretnly constituted. The proposal calls for the repeal of the 16th Amendment.
(though it has been awhile since I read the FairTax site)
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|