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Trump would Tax.....
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<blockquote data-quote="vantexan" data-source="post: 1798460" data-attributes="member: 24302"><p>It's a consumption tax and it encourages investment, as investments wouldn't be taxed, it will help the economy and make more money for the rich. And literally all the people who run on a cash economy, i.e. drug dealers, etc would now contribute. As is there are too few workers paying income and SS taxes. 23% is the number and everyone would be given a "prebate" so that the poor could handle the tax on basic necessities. ALL the special exemptions and loopholes would go away, the IRS eliminated. The only ones that would be hurt are accountants and tax attorneys as that industry would disappear.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1798460, member: 24302"] It's a consumption tax and it encourages investment, as investments wouldn't be taxed, it will help the economy and make more money for the rich. And literally all the people who run on a cash economy, i.e. drug dealers, etc would now contribute. As is there are too few workers paying income and SS taxes. 23% is the number and everyone would be given a "prebate" so that the poor could handle the tax on basic necessities. ALL the special exemptions and loopholes would go away, the IRS eliminated. The only ones that would be hurt are accountants and tax attorneys as that industry would disappear. [/QUOTE]
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