When conservatives call it a Fair Tax, it's no good...
But when liberals call it a Value-Added Tax then it's ok? Hey, a VAT is so European! How could it not be good!?
I'm willing to listen if a VAT will replace the income tax entirely - including a repeal of the 16th amendment, but not if it's lumped on top. That's not reform, it's just double taxation.
2 comments:
That's the whole point of the "Fair Tax". It would abolish the IRS, abolish all income taxes, and have only a sales tax on new items at time of sale.
The problem with most Fair Tax proposals is that they often assume a period to phase out the Income Tax. There is no way in this life that the government is going to fully give up the income tax. Once they have both in place they are likely to both stay...indefinitely. Oh but it is nice to dream.
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