Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: *Bush floats a national sales tax
Old 08-15-2004, 10:15 PM   #21
Recycles dryer sheets
Join Date: Jul 2004
Posts: 94
Re: *Bush floats a national sales tax

A historical reference from the UK on the introduction of new, temporary or replacement taxes:

'On 3 December 1798, William Pitt, the Prime Minister of the day, announced the introduction of Income Tax to pay for the Napoleonic Wars. It was to be a temporary tax and technically it still is, as it has to be renewed each year. Pitt had long resisted a tax on income but the necessity to feed his troops persuaded him to change his mind.'

Does 206 years still count as ''temporary''?


50% Down in NW and Can't Stop Smiling!!
SDY888 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re:  Bush floats a national sales tax
Old 08-17-2004, 07:08 AM   #22
Full time employment: Posting here.
Join Date: Nov 2002
Posts: 768
Re:  Bush floats a national sales tax

Does 206 years still count as ''temporary''?
We Yanks may have a permanent income tax, but when the politicians were lobbying for the amendment that authorized it, they solemnly promised that it would never go above 2%. Since an American politician's promise is his bond, we are therefore forever safe from excessive taxation.

Michael is offline   Reply With Quote
Re:  Bush floats a national sales tax
Old 08-17-2004, 07:15 AM   #23
Posts: n/a
Re:  Bush floats a national sales tax

Since an American politician's promise is his bond
No one ever got elected by telling the truth. The American Voter cannot handle the truth.

They Like - Cut taxes and Increase Spending - This is the program we're currently on.
  Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Roth Conversion Tax Part 2 halo FIRE and Money 0 11-22-2006 11:29 AM
Pinging Martha or any other Minnesota Tax Experts............. Cut-Throat FIRE and Money 30 07-24-2006 02:25 PM
Tax compliance costs 22c for every dollar collected cute fuzzy bunny Other topics 15 01-19-2006 02:36 AM
Wait to Age 70 to Collect SS? REWahoo FIRE and Money 77 11-27-2005 02:49 AM
The FairTax - gaining steam! gindie FIRE and Money 200 09-08-2005 10:05 AM


All times are GMT -6. The time now is 07:22 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.