In response to:

Time to Get Rid of Tax Preferences for Housing in the Internal Revenue Code

pbob785 Wrote: Dec 21, 2012 12:39 PM
A flat sales tax on all NEW sales would solve all these problems. NOT a VAT tax, that is HIGHLY regressive! It's how they do it in Europe, and we all know what a mess they have right now! A sales tax replaces ALL other taxes, including SS and Medicare. You take your money home. ALL of it. You buy the goods and services that you, as an individual, need, paying the national sales tax. An allowance would be made for the poverty level; no or minimal taxes below that level. Each year everyone gets a refund, based on your income, for the taxes you paid on money you earned UNDER the poverty level. As someone noted, they would have to include food stamps and welfare checks as 'income'. This is the ultimate 'fair tax'. Spend more, pay more taxes.

Even though I knew some people would call me Scrooge, I wrote a few days ago about why we should get rid of the tax deduction for charitable contributions in exchange for lower tax rates.

Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue code and replace it with a simple and fair flat tax.

Needless to say, that also means getting rid of tax preferences for housing. I make the case against...