How about Instead of federal income tax we have A federal sales tax that way you taxed for your lifestyle instead of savings or income
How about Instead of federal income tax we have A federal sales tax that way you taxed for your lifestyle instead of savings or income
A sales tax is better than an income tax, because the former is voluntary, and the latter is involuntary. A sales tax would spread the burden of supporting our government over many more people. This is good, because more people would become interested in how we are being governed, and this increase in civic involvement would enrich our culture.
No. Bad idea. The more you buy the more tax you pay so it would punish people for buying things.
If you want to see the economy tank like the great depression, that is what you want.
It would never fly. There would be so much whining about it putting an unfair burden on the poor, you would have to stopper your ear to keep from going deaf.
It’s an idea. It has been talked about for almost 200 years, so it is not a new idea. If you payed attention to when Forbes was running for president, he had a flat 2% tax idea that worked, and yes, people who bought more would pay more, but that is only fair. So, yep, it’s an idea, nope it’s not an original idea, and no it probably will never happen.
Why not, Congressman John Linder of Georgia has done that very thing. He along with Neil Boortz have authored a book descibing "The Fair Tax" and how it would work. The biggest stumbling blocks are our politicians. No special tax breaks means the lobbiests won’t shower them with gifts, and they’d lose the financial carrot to buy votes by offering incentives.
I don’t think it would work. A low-income family of four would of course spend most or all of their income; a high-income single person could get by spending only a fraction of his/her income.
I heard that the goverment had talked about that for years. Charge a 20% sales tax on everything to be split by the state and the govrnment.