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Originally Posted by buggyone
That sounds interesting. But how about deductions for mortgage interest? If they are not allowed, wouldn't the housing market suffer? Would the National Sales Tax guarantee enough money would be available for national defense or all those other important items that are now paid with with Federal income tax? Where would the government get enough money to pay for Medicare or Social Security?
Wouldn't a repeal of the Federal Income Tax require an amendment to the US Constitution? How long would it take to do that and to have 3/4 of the states to ratify it?
Lots of questions but it does sound interesting.
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The best thing would be to get a copy of the Fair Tax Book by Neal Boortz.
It will explain everything.