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Old 06-24-2010, 06:05 AM   #63
murraypaul
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Quote:
Originally Posted by omk3 View Post
There are some camps of economists that claim that the most fair taxation system would be VAT only - no income tax or anything else, as the income is demonstrated in your consumption. It is an interesting idea, though I'm not sure if I agree.
I don't.
You have to eat and buy clothes, no matter how little you earn.
This would hit low-income families proportionality much harder than the current system.
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