Poll: Is It Time for a VAT in the U.S.?

wsj ^ | 2-12-2016

[Citizen Zed]

Most other developed nations already have a VAT -- a system in which taxes are paid by each business in the different stages of production of a good or service, and, ultimately, directly or indirectly, by the consumer.

VAT is considered a consumption tax, since it taxes what people consume, rather than how much they earn or their profits from investment. That's also a reason why some consider it unfair for lower-income households. And critics say it could let government take a bigger slice of the overall economic pie, enabling higher spending.

Its supporters, meanwhile, say VAT is better for the economy than an income tax because it doesn't tax savings or investment. It's also a way to put a serious dent in the federal deficit. Republican supporters are willing to institute a VAT, but only if it replaces other taxes and doesn't increase the overall U.S. tax burden.

So, what's your view? Register your vote and leave us your comments. We may use them in print in a coming special report.

[I am Richard Brandon]

"Otherwise we would just end up with both. "

You will anyway. You can take that to the bank! A new form of tax is a narcotic to politicians.

[patlin]

Trojan Horse for sure!

I have read Trump's tax plan and at least Trump's plan stays within the confines of Article 1 Congressional taxation authority, which was further defined by the 16th Amendment because big business that was acquiring gains/ profits off of federal property had gotten the SCOTUS to rule that the federal government could not tax all gains/profits acquired by private parties from the private parties use of federal property. The 16th Amendment overturned the 1895 Pollack ruling, thereby restoring to the feds, that which was owed to them in the way of Article 1 excise taxes.

[SaraJohnson]

NOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

[SaraJohnson]

I did not see the poll on the page.

[AllAmericanGirl44]

bkmk