Doug Scott: A national sales tax makes sense
Keystone
Marty provides some compelling arguments against a national sales tax that would replace our existing income tax but implies a sales tax would allow the wealthy to avoid paying their fair share. On the contrary, under a national sales tax those who consume the most will pay the most. The purchase of higher end goods will result in a higher tax bill. Here’s a few of the reasons a national sales tax makes sense.
• The IRS is immediately unnecessary.
• No longer have to tell the government how much money we make, where we live, marital status, charities we support, or how we invest.
• No more federal tax withholding from our pay checks, we get our money first.
• Tax preparers and IRS agents will have to find something productive to do.
• Government will no longer be able to influence public behavior through tax policy. Imagine all the special interest lobbyists with nothing left to do.
• It is not likely food will be subject to a sales tax since it is already exempt.
• Unreported income would no longer be an issue.
• Consumption will be taxed and savings will not. There will be no “loopholes” for the wealthy.
Does anyone really believe our current tax law is equitable and reasonable? Furthermore, does anyone believe further tinkering with the current system will result in simpler fairer tax law? A national sales tax effectively puts Congress and lobbyists out of the tax business and frees up all of their attention for other pressing matters – green energy and job creation come to mind. Isn’t it time to consider a simple common sense approach to reforming our broken tax law?
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