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Author: nonewtax Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121567  
Subject: Re: Investment Income Surtax Date: 12/9/2012 2:16 PM
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I would prefer a transaction tax. It would elimimate all other taxes, state, city, county. This would be a true "Fair" tax. Obviously you could not pay taxes by not buying anything. Rich and poor alike would pay the same low transaction tax on all goods and services.
Just think. For most of us no more deadline and no more worry. You pay as you go. Monies are collected as though it were a sales tax.
This would eliminate all loopholes except for blackmarket sales. We are currently not collecting taxes on all manner of blackmarket goods. However those in the blackmarket do buy goods from legal vendors
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