shintao
Take Down ~ Tap Out
- Aug 27, 2010
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I assume you are thinking of taxing all consumption. Food? Medicine? I'd call that regressive.
Also, an income tax requires a huge inefficient bureaucracy that is open to manipulation. That costs real money both in providing for that bureaucracy and in lost productivity with producers gearing strategy towards tax avoidance. That goes away with a consumption tax. It's simple and transparent.
Why not end the IRS. Take the Power away from government to fund. And make you responsible to fund whatever it is you want government to control for you??
You don't have to touch state taxation that takes care of your local needs. Just the fed.