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Flat Tax or Fair Tax?

Ned6 Wrote: Jan 31, 2013 4:38 PM
Under a VAT system, the is no "cascading" of taxes. When a producer buys a component product he receives proof that taxes have been paid on the component part and he can deduct that amount of tax from the tax he pays at his "final" sale.
SteveandJag Wrote: Jan 31, 2013 9:22 PM
Ned, the VAT favors vertically integrated, TBTF. The VAT is applied at every level and while it attempts to level the field, collecting and reporting it ONCE, is MUCH, MUCH, MUCH less expensive.
D272 Wrote: Jan 31, 2013 5:13 PM
You wish. Did you forget that Democrats write these laws before reading them?

I’m at Hillsdale College in Michigan for a conference on taxation. The event is called “The Federal Income Tax: A Centenary Consideration,” though I would have called it something like “100 Years of Misery from the IRS.”

I’m glad to be here, both because Hillsdale proudly refuses to take government money (which would mean being ensnared by government rules) and also because I’ve heard superb speeches by scholars such as Amity Shlaes (author of The Forgotten Man, as well as a

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