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Our current Income tax system: 1) taxes personal and business production and is an imposed burden and disincentive. 2) gives rise to the myriad shell company, loop-hole exploiting, tax-dodging financial complexities that litter our financial environment. 3) taxes only those who can least afford it and rewards those who can afford to "hide" their earnings, legally or otherwise. A Consumption based tax: 1) lets individuals ...more »
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