Tuesday, October 12, 2004

From Ryan Chamberlain's latest No on K e-mail:

"Enacted as temporary measures to raise revenue during the Depression, state sales taxes have yet to be repealed. 'Rejected by most economists as medieval anachronisms,' wrote John F. Due in 1950, these taxes were 'drawn up hastily, with little thought to their exact aims beyond raising revenue, their economic effects or the best structures in terms of the desired purposes.' In fact it would be difficult to design a more cumbersom system than one in which all fifty states rely on different sales tax regimes, and in which individual businesses are assigned the administrative burden of collecting such taxes." -- from "The Radical Center." Remember, the K tax 'sunsets' in four years...wink, wink.

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