Quote:
Originally Posted by JetPotato
If you abolish income and payroll taxes, the price of goods and services produced in America goes down, and a federal sales tax becomes a virtual wash in the total cost. And there would be no tax on used items or food/clothing/health care/other necessities up to the poverty level. Lots of other nice side effects, like you finally force everyone into the tax paying world and your illegal immigration problem ends.
http://en.wikipedia.org/wiki/FairTax |
Much to be said for a consumption tax. Just need to figure out how to transition without chaos.