Interesting concept, but when & how would the change be made? I am in no way commenting on whether or not the total tax bill is too low, too high, or about medium. Some people have managed their money well, & by being careful with their spending have been able to put away a few bucks to live on in retirement, & have paid income tax on those savings. If suddenly income tax was dropped & higher sales tax took over they would have to pay the larger sales tax when they spend the savings that they have already paid income tax on (doouble taxation). As an example let's say change tax systems on Jan 1,2015. Only way to change from one to the other is that all persons born before change-over date continue with the present system, maybe with a different rate. All persons born after the same date would not pay income tax, but pay the larger sales tax on everything. Keeping track boggles the mind. Willie
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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