What is your opinion on an elimination of Income Tax and then having a National Sales tax?
In the simplest implementation, a national sales tax shifts a lot of the tax burden to poor people. There’s a minimum amount of money you have to spend just to stay alive. Under the current system, the poorest people pay no tax, and poorer people pay less tax than rich people. A national sales tax take people currently paying no federal taxes and force them to pay taxes on the necessities of life, like food, mortgage/rent, etc. Rich people, on the other hand, who put their money into investments to make more money, would pay no tax on that income. You can adapt the tax to be more progressive. The FairTax plan that Mike Huckabee and some economists exempts a certain amount of money, perhaps in the form of a rebate given to everybody every month. There are some implementation difficulties with that (it’s a massive bureaucracy to send out checks every month; how do you transition to it) but they shouldn’t be entirely unworkable. The FairTax plan has a number of benefits. It actually makes
