This would be a flat tax on all goods and everyone would pay the same. To me, the best part is if you choose to limit you’re spending for a month, then the extra savings would be tax free. Everyone would pay taxes because there would not be under-the-table income that is not taxed, providing a larger base that generates more revenue. Some tax is already built into the price of goods that we buy, so the amount one pays for goods would not go up significantly. Services could also be taxed using the same tax base. Since retailers would be reporting and paying the government\, there wqould not be a need for the IRS that we have today, just accountants keeping the books. Abolishing the IRS seems like a wise decision—considering that the last couple of years they were used by politicians as a weapon against their
This would be a flat tax on all goods and everyone would pay the same. To me, the best part is if you choose to limit you’re spending for a month, then the extra savings would be tax free. Everyone would pay taxes because there would not be under-the-table income that is not taxed, providing a larger base that generates more revenue. Some tax is already built into the price of goods that we buy, so the amount one pays for goods would not go up significantly. Services could also be taxed using the same tax base. Since retailers would be reporting and paying the government\, there wqould not be a need for the IRS that we have today, just accountants keeping the books. Abolishing the IRS seems like a wise decision—considering that the last couple of years they were used by politicians as a weapon against their