Ax the tax. (income tax abolition; includes related article on the history of the income tax)(Cover Story)

From: National Review | Date: April 17, 1995| Author: | Copyright information

A coalition of influential legislators and grassroots anti-tax groups is backing an initiative to replace the federal income tax with a broad consumption tax, such as a national sales tax. Congressman Bill Archer favors this approach. His colleague, Richard Armey, backs a flat income tax.

CLOSE your eyes and imagine for a moment an America without an income tax. April 15 is no longer a day of dread. The federal tax on personal income, corporate income, and capital gains is zero. Estate and gift taxes have been abolished. The most intrusive institution in America, the Internal Revenue ...

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