A VAT is not desirable as it taxes every step of production from raw materials on up the scale. (wholesale) Making products very expensive.
I agree on the VAT tax. In that system raw materials production shouldn’t be taxed. I wouldn’t mind seeing a system where they put one tax on a finished manufactured product, that’s it, leave all the materials alone which lead to that production.
Like an automobile, one tax when it’s done. Also a higher tax on cars manufactured outside the US to help our industries compete better. Then you only have one tax priced in to the completed product for the consumer to pay.
There would also be less tax enforcement required. This is assuming the income tax has been done away with. People pay taxes as they buy the finished products. I’ve always wondered why we couldn’t go to that type of system.
A retail sales tax. Most states and many municipalities have one, don't they? (Not Alaska, fortunately)
Easy to collect. Easy to manage. Difficult to avoid. Rich pay more because they spend more.
House Republicans to vote on bill abolishing IRS, eliminating income tax
(From FOX)
Republicans in the House of Representatives will vote on a bill that would abolish the Internal Revenue Service (IRS), eliminate the national income tax and replace it with a national consumption tax.
Fox News Digital has learned that the House will be voting on Georgia Republican Rep. Buddy Carter's reintroduced Fair Tax Act that aims to reel in the IRS and remove the national income tax, as well as other taxes, and replace them with a single consumption tax.
The vote on the bill was made as part of the deal between House Speaker Kevin McCarthy, R-Calif., and members of the House Freedom Caucus and was pushed forward in his quest for the gavel last week.....
https://www.foxnews.com/politics/house-republicans-vote-bill-abolishing-irs-eliminating-income-tax