Watch video. His father doesn't even like it.. Went to jail: The Shotgun: Peter Schiff talks about his father, the tax protester Irwin Schiff And/or watch this at min 1:00 [ame=http://www.youtube.com/watch?v=v4KfVM5Ed3c]YouTube - Income Tax vs. Consumption Tax[/ame]
Well 45% What are the federal government's sources of revenue? Probably 20% is for crap. So 25% of hard cuts and transfer to private sector.
I misread Paul's position. So he wants to get rid of individual income tax but keep corporate tax and payroll tax. Is that right? Regardless, that's still $2.5 trillion of cuts or 65% of the federal budget. Can you get there?
That's fine. Perhaps it's his stance but the article you initially linked says to eliminate corporate income tax and go to a flat tax on individuals. So what does this guy actually advocate doing?
Well in an ideal situation he would like to get rid of them all. And will say that just to get discussion. But in reality he knows there is a transition period. The end goal is reduce taxes reduce government.
He mentions briefly in first video. He's advocating doing something different because what we have now is no good. In fact is creates problems not solves them.
ah, i didn't watch the video. Just read the article. I'm as much for small government as most people, I just don't think there's anyway to get that small and I have never liked the idea of a consumption tax. I actually do like Schiff's idea of a flat tax and eliminating corporate taxes but right now we have to get the $1.6 under control. I'm sure there's some metric as to how to judge an appropriate budget for the federal government as it compares to GDP but I don't know what it is. In any case, There's no way our country can run on less than a trillion dollars in spending a year.
