Interesting concept, but when & how would the change be made? I am in no way commenting on whether or not the total tax bill is too low, too high, or about medium. Some people have managed their money well, & by being careful with their spending have been able to put away a few bucks to live on in retirement, & have paid income tax on those savings. If suddenly income tax was dropped & higher sales tax took over they would have to pay the larger sales tax when they spend the savings that they have already paid income tax on (doouble taxation). As an example let's say change tax systems on Jan 1,2015. Only way to change from one to the other is that all persons born before change-over date continue with the present system, maybe with a different rate. All persons born after the same date would not pay income tax, but pay the larger sales tax on everything. Keeping track boggles the mind. Willie
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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