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<p>[QUOTE=&quot;Troodon, post: 337815, member: 4626&quot;]The main cons to a federal sales tax (as opposed to a federal income tax):</p><p><br /></p><p>1.&nbsp; It is proportianately regressive (people of lower incomes pay a higher proprtion of their income in tax) due to the fact that people of lower incomes have to spend a higher proportion of their income on basic necessities, not having the luxury of saving as much of their income as higher income earners can.</p><p><br /></p><p>2.&nbsp; By taxing spending rather than income, you encourage saving and discourage spending.&nbsp; The economic impact of that would discourage economic growth.</p><p><br /></p><p>3.&nbsp; It would greatly reduce the need and demand for tax accountants.&nbsp; Some would say that&#039;s a good thing, but people who are in that field or are trying to enter it may disagree lol...</p><p><br /></p><p>Anyway if you want to discuss such a thing in greater detail beyond the scope of profits from selling coins, would sugged the PRWE forum.[/QUOTE]</p><p><br /></p>

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