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  Payroll Taxes

  The elimination of payroll taxes is what this guy, you might have heard of him (Neal Boortz) has been trying to advocate for a while now.  Seemes like a good idea, but he wanted to replace all the government revenue with a 23% national sales tax so all those poor loafers who haven't been paying into the system would finally have to put out.  I read his book, only because an ultra-libertarian friend of mine laid it on my desk and I went through looking for weaknesses, and the biggest one I could find was that consumer prices were supposed to come down a correspondingly 23% and everybody from the guy holding the 'will work for food' sign to Cheney himself would get a 'prebate' check for all the basic necessities like food and home heating.  Really sounds like an excuse to just jack up the prices on everybody...

  I am still skeptical that eliminating payroll taxes would leave consumer prices unchanged because corporations, and vis a vis the normal taxpayer, would still pick up the tab, but all those k street thugs and H&R block types would be outta bisness too, so it might not be all badOn The most noteworthy features posted 3 years, 2 months ago 5 Responses