Politicians have been advocating a value added tax (VAT) for decades, and with the huge projected federal deficits interest in a VAT seems to be increasing lately. Last Spring Paul Volker was suggesting one, and David Theroux recently noted in his blog Paul Krugman’s support. Alice Rivlin and Pete Domenici suggest a 6.5% “debt...
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Proposed law: “Be it enacted, etc. etc. that the total personnel count of the Internal Revenue Service may not exceed 80,000 for the fiscal year 2011 and henceforth.” As every American knows, and more importantly, feels, the IRS is big brother. The IRS collects private information on every one of us; the IRS pays...
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