|Posted: October 16, 2007, 5:35 pm - IP Logged|
Yes lottery winnings should be completely tax free and all federal taxes should be replaced with the Fair Tax, food and drugs exempt so the government can quit playing the pea shuffle game with tax money.
Excellent way to capture under the radar taxes currently being uncollected.
"What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
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The best of luck to everyone!