Would you support a federal Sales Tax system, in place of Income Tax ?

Question

In my opinion, Income tax in and of itself is counterproductive to our economy....regardless of who pays what percentage.

We should move to a federal sales tax system, and there are numerous reasons to do so.

LOGIC: If you take my money before I get paid....you can only take it once.....So the fed takes it, and spends/wastes it.....it's gone forever.

....But if we were on a federal sales tax system...I get paid, I go buy a product or service, it gets taxed and I created jobs....the waitress I just tipped buys something, it gets taxed, she created a job....so on and so forth, eventually every dollar gets taxed back into the system but at the same time you created jobs and revenue for the government to operate.

Income tax, takes money directly from consumers and much of each dollars' economic potential is wasted, because the consumer doesn't get a chance to put those dollars back into the economy.

Answer 1

I agree with a National Sales tax. The government is double dipping us right now. We get nailed with an income tax (Federal and State) and we also get nailed with a sales tax (7%) where I live for everything but food.

We should only be taxed once on our money. Period. A sales tax is the only way and most cash registers in this country can be set up to to this rather easily.

Answer 2

Yes I would. It would work much soother then the current tax collecting methods. When you get paid you spend your money and the taxes are paid, everyone pays their fair share, even if are earning your money illegally, you spend it, your taxed, the rich pay more in taxes because they buy more no more wasting time and money on filing your taxes. It would even save businesses money not having to deal with income tax withholdings. It’s a no brainer to bad our Government can’t see it that way. They us be in bed with all the tax programs like Turbo tax and others

Answer 3

in case you going to spend the money on the instant, that is not correct whether that is taxed in the past or once you spend it. Say you replace a 10% income tax with an equivalent revenues tax of 11%. decrease than the income tax, the feds get $0.50 once you earn $5.00, leaving you with $4.50. You tip the waitress $4.50, leaving you with $0.00. decrease than the revenues tax, the feds get not something once you earn the $5.00, yet get $0.50 once you tip the waitress, who's left with $4.50. the end result's the comparable. A distinction arises in case you come back to a variety to speculate the money, particularly than spend it. decrease than a 10% income tax, you will have in elementary terms $4.50 to speculate. decrease than a revenues tax, you will have $5.00 to speculate, assuming that the revenues tax did not word to investments. for many investment vehicles, it would in all probability not word. the end result would be to defer the tax till the investment is cashed out and spent. in spite of the incontrovertible fact that, a version of the income tax that should have the comparable result became proposed over 15 years in the past. it would enable a tax deduction for funds located in investments and tax all distributions from investments. It has on no account caught on, in all probability as a results of fact maximum human beings savor tax deferred investment by using 401(ok)s and IRAs already. Your perception that it truly is impossible to sidestep revenues taxes ignores that revenues tax evasion does happen.

Answer 4

If the federal govt collected a sales tax, it would give them a right to compile databases on EVERY PRODUCT PURCHASED and WHO PURCHASED THEM.

I find this situation unacceptable, for the following:

Monday - Bought 5 gallons kerosene for use in home heater

Tuesday - bought 10 pounds high phosphorus fertilizer for my yard

Wednesday - arrested and held for 4 years on suspicion of terrorism.

Answer 5

Yes I would, I have been interested in a National sales tax for several years. It is the most fair system that has ever bee proposed.

Answer 6

Absolutely, as long as food is not taxed. It would be a much simpler and I think more effective system.

Answer 7

Sure the illegals can't even get out of that.

Answer 8

I would.

Answer 9

We don't really need either of those.