It is the first serious discussion at a federal tax, point of sale that could eliminate federal taxes for most families. It is actually a step in the right direction.

For example, from the article I linked for you: " ... in a paper published last month in the Virginia Tax Review, Burman suggests that a 25 percent VAT could do it all: Pay for health-care reform, balance the federal budget and exempt millions of families from the income tax while slashing the top rate to 25 percent. A gallon of milk would jump from $3.69 to $4.61, and a $5,000 bathroom renovation would suddenly cost $6,250, but the nation's debt would stabilize and everybody could see a doctor."

Tax specialists are beginning to actually suggest that a point of sale tax could actually simplify the tax code, generate revenue AND replace the existing federal income tax on many or most if not all individuals!

Keep Hope Alive! ha!

It will be added on, not as a replacement. My god people...how much more can we take?

Burman suggests that a 25 percent VAT could do it all: Pay for health-care reform, balance the federal budget and exempt millions of families from the income tax while slashing the top rate to 25 percent. A gallon of milk would jump from $3.69 to $4.61, and a $5,000 bathroom renovation would suddenly cost $6,250, but the nation's debt would stabilize and everybody could see a doctor."

Jmartinez, don't kid yourself, there will be no debt stabilization because Obama's disciples see more money coming in...They are just going to spend more to buy more votes. As far as seeing a doctor goes, well that's "pie in the sky" too, because there will be a shortage of doctors when many of them change careers to keep from having to deal with the Govt bull$hit just to see patients. Plus, free healthcare doesn't pay too well.

Git on second thought you are correct.. They WILL just add it on.. There is no way they will give up the biggest hammer they have to control our wealth...

I will not lower my standards.. So UP YOURS..

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