47% will pay no federal income tax.....

[fastd]

Originally Posted by Ronbo

Seems like a good idea except for one thing... Incentive.

If the tax system is comprised of sales tax only, the government's incentive is to foster consumer spending. (bad idea)

A flat income tax (and only income tax, no business taxes or the endless "fees") would give the government incentive to increase earning. No more hiding taxes in product prices.

Things like wars would have to be paid for with voter approved "special taxes" that are revoked at the end of the conflict. No voter approval, no war. No results, we pull your funding.

Any person in public service found guilty of corruption, death penalty.

A sales tax system is still better than a flat income tax because the amount of tax people pay is theoretically their choice, i.e. they could chose to reduce consumer spending - that is not bad at all. In addition, for those how complain about government overspending, a sales tax would theoretically solve that problem also: there would be no ability to steal money from the citizens to pay for their boondoogles.

[Sharroll Celby]

Originally Posted by fastd

I think you mean national sales tax. Value-added taxes are no good, they tax every stage of production - a real mess.

I think you are right!!! lol !!!

Am I correct to surmise that we all think that "the more we buy, the more we pay" is better than an income tax?

[Jamo]

Well, it's certainly more fair in terms of everyone paying their proper share.

But...we chamber of commerce types really hate the effect sales taxes have on retail sales and commerce in general, which is what drives our economy.

[Roscoe]

Well...yes...but remember. The income tax would be eliminated.

Roscoe

[mdmull]

Originally Posted by Roscoe

Well...yes...but remember. The income tax would be eliminated.

Roscoe

IF only. Congress repeal an existing tax!!??

I won't live to see the progressive income tax repealed, & I doubt anyone else will either. Unless of course the SHTF. then all bets are off.