[Quest10]

I'm not so keen on the idea of a national sales tax, but I am a heavy supporter of any sort of simplified flat tax system. Like Steve Forbes said, one should be able to pay their taxes using an index card and nothing more.

[Badray]

Welcome to Free Republic.

Please check out the links in Ancient Geezer's posts above.

The FairTax is marvelously simple, fair, and visible and will free up untold manpower and capital resulting in unbelieveable growth.

There's one rate for everyone, no exemptions, no deductions, no hoops to jump through and there is a mechanism to help those at the lower income levels. The tax structure will be a great incentive to work and save for everyone, not just the rich.

There will no longer be any federal withholding for taxes. You will take home your entire paycheck except for state, local, and voluntary deductions.

And with the passage and enactment of the bill, prices will fall as the imbedded cost of our current inefficient system are removed from the cost of all goods.

I supported a flat tax for years, but this has it beat. I hope that you take the time to check it out.

[HighFlier]

The problem with a flat tax is that the taxpayer still needs to figure out his net income before the tax is applied. That figuring is where all the work is.

A consumption or sales tax eliminates the need to keep and deduct expense records from income. A tax like those should save time and money, but a flat tax might do neither.

[iconoclast]

I'm not so keen on the idea of a national sales tax

It could be worse, it could be a VAT tax.

[adb102]

Quest10 wrotes;
Like Steve Forbes said, one should be able to pay their taxes using an index card and nothing more.

If I'm not mistaken Forbes has switched to support of the sales tax.