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hr 4646

HR4646 was introduced in the House in Feb 2010 and placed in Committee. The bill provides for a transaction tax of 1% on goods and services. with a 1% of Adjusted gross tax credit until Income Tax eliminated. The only thing sleeping about this Bill is the Committee and since this is not the first ever proposal to eliminate the Income Tax, I doubt very much that it will go anywhere. The Title of the Bill is "DEBT FREE AMERICA."

I down loaded a copy and read it, You can Too.

Don't just think "Oh No, another tax."

There are other alternatives but this is the I've seen in my 73 years.

I like the idea of a simple plan without all the loop holes. I spent 13 years working at H & R Block, plus an extra three as a Volunteer AARP tax Aide
 
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