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A domestic centerpiece of the Bush/GOP agenda for a second Bush term is getting rid of the Internal Revenue Service, the DRUDGE REPORT has learned.
The Speaker of the House will push for replacing the nation's current tax system with a national sales tax or a value added tax, Hill sources tell DRUDGE.
"People ask me if I�m really calling for the elimination of the IRS, and I say I think that�s a great thing to do for future generations of Americans," Speaker of the House Dennis Hastert explains in his new book, to be released on Wednesday.
Originally posted by MindWarrior
Since this is coming from drudge, it should probably be taken with a jar of salt.
Originally posted by donguillermo
If you replace the personal income tax with a value-added tax or a national sales tax, who do you think will collect the tax?
If the personal income tax is replaced, there will be collection and administrative costs for both government and business. A value-added tax, in particular, will be a nightmare of regulation and enforcement.
Hmmmm. How are sales taxes collected now? Seems to me that the infrastructure to collect taxes in such a way is already in place and is being used? When was the last time you purchaced something and didn't pay sales taxes on it?
True partisan that you are Donguillermo, I expect that if the Democrats had floated this balloon, you would be telling us how good an idea it is.
A one time flat tax would be a good thing say a flat 25% tax on anything and everthing you buy . A one time tax rember . Lets say you buy a home and land valude at 150,000$ 25% would be 37,500 or around there .
Originally posted by Ambient Sound
Hmmmm. How are sales taxes collected now? Seems to me that the infrastructure to collect taxes in such a way is already in place and is being used? When was the last time you purchaced something and didn't pay sales taxes on it?
Originally posted by intrepid
We have a national tax here in Canada, the GST(goods and services tax). 7%. It's very unpopular and during elections they roll out the old line, "We're going to abolish the GST." Guess what? It's still here. Once the gov't has money flowing in, they're reluctant to get rid of it.