National Sales Tax????

Discussion in 'Economy' started by Bonnie, Mar 31, 2005.

  1. Bonnie
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    Bonnie Senior Member

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    A national sales tax
    George Will



    more
    http://www.townhall.com/columnists/georgewill/printgw20050331.shtml
     
  2. 5stringJeff
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    5stringJeff Senior Member

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    23% sounds awfully high. How about 15% to start with?
     
  3. Bonnie
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    Bonnie Senior Member

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    I was thinking maybe even 10% this way you have a little wiggle room for adjustment which usually means up when talking taxes.
     
  4. Mr. P
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    Mr. P Senior Member

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  5. Bonnie
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    Bonnie Senior Member

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    Interesting site. It makes sense the way they lay it out, Im just wondering what this will do if anything to stifle consumption of luxury or high end items?
     
  6. Annie
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    Annie Diamond Member

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    I would disagree. Sales tax is the most regressive tax there is. 100% of low income folks income is used to buy goods. In effect, you are giving everyone else tax-free savings. Inherently unfair.
     
  7. OCA
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    OCA Senior Member

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    Never, no sales tax unless current federal tax rates are dropped to the 10% range.
     
  8. Bonnie
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    Bonnie Senior Member

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    I think the wisdom here is to drop all federal tax barring SS and state taxes in exchange for a sales tax. I really don't know if that would be feasible or not.
     
  9. Annie
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    Annie Diamond Member

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    I'm about to have a psychic break after the past 2 weeks. :dunno:

    I could go along with a flat tax, much lower rate.
     
  10. Bonnie
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    Bonnie Senior Member

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    I have heard economists say that a flat tax would be unfair to low income people as well citing that 10% of 20,000 is a good chunk compared with 10% of 100.000. A bit confusing to me, numbers not my passion.
     

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