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Claim FSTX - Fed sales instead of income tax

Category: News:US News JUDGED at 0
Judge:306, SMWinnie
due date:2001/01/01

The Claim

Federal income tax is dismantled and a sales tax replaces it.

Senator Richard Lugar (R-IN) has proposed replacing personal and corporate income and estate taxes with a 17% national sales tax.

From a speech at the Cato Institute:

``The federal income tax system taxes savings, investments and hopes for the future. It is too complex, too intrusive and it prices our exports too high.''
The claim is YES if a sales tax replacing the income tax is adopted by the judgement date.

Judge's Statement

I will judge based on the intent of this claim, if I perceive such intent to be obvious. If such intent is ambiguous I will judge on the basis of the precise wording. If both are ambiguous, I will look for a solution which follows IF/FX precedent insofar as such precedent is apparent to me and applicable to the claim. I will seek the guidance of the claim's owner/author in interpreting the claim. It's his or her question - s/he ought to get the answer sought. If I believe this claim to have met a YES or NO condition, and if I believe judgement will be controversial, I will post a prospective judgement to fx-discuss and forestall entering the judgement for a comment period to be announced in the post.

The Market

Your Buy YES Orders Players Buying YES Coupons
Price Plot for life of FSTX
Last trade price: 0
Current ask price: 100
Current bid price: 0
Pairs outstanding: 803
Players participating: 29
View the ticker for this Claim.

Your cash balance: 12107.35
Your holdings in this Claim: 0
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Your Sell YES Orders Players Selling YES Coupons

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