Here’s a better idea - simplify the tax code. Drastically. Like 10% for all, not deductions, no exemptions, credits, no adjustments of ANY kind. So simple even a democRAT could figure it out.
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I’m a federal sales tax guy. Collect it at the cash register, total “Truth in taxation “. When that 10$ item has a 1$ state tax and a 15$ federal tax people will come unglued.
The other positives:
-No IRS the state treasurer will send a monthly check to the US treasurer and I’m sure the secretary can deposit 50 checks a month.
- Power over unfunded mandates, state Gov may withhold tax check for DC stupidity. (Sates rights!)
- price of goods sold is decreased by all payroll/SS/MEDICARE/MEDICAID taxes/ fuel taxes/ phone or comm taxes etc.
Would not take long to weed out the swamp!
WWG1WGA!
Good thought.
They get a lot of power, from tweaking the tax code. Every year.
Eliminate the corruption, make favorable trade deals, sell US military might, to allies. Problem solved. No income tax.
IMO, am I missing something?
:: No IRS the state treasurer will send a monthly check to the US treasurer ::
consisting of the collected federal taxes in the State (expect a 1 month lag).
None of any other taxes.
As it currently stands, almost every tax-penny collected by the State for any taxing authority is sent to the federal govt and then allotted BACK to them by a formula that is altered annually (by unelected bureaucrats).
Yes, a large portion of your property taxes passes thru Washington (Dept-Edu) before your school district sees ANY of it.
I’m a federal sales tax guy. Collect it at the cash register, total “Truth in taxation “. When that 10$ item has a 1$ state tax and a 15$ federal tax people will come unglued.
The other positives:
-No IRS the state treasurer will send a monthly check to the US treasurer and I’m sure the secretary can deposit 50 checks a month.
- Power over unfunded mandates, state Gov may withhold tax check for DC stupidity. (Sates rights!)
- price of goods sold is decreased by all payroll/SS/MEDICARE/MEDICAID taxes/ fuel taxes/ phone or comm taxes etc.
Would not take long to weed out the swamp!
I like your take but I would rather like the fed tax at the manufacturing level so when a buyer buys something, the tax is already priced in. Even less tax enforcement costs at that level too. I’m on board with everything else. Let retailers, (especially small business) flourish while not having more fedgov to worry about.
I prefer tariffs and a tax on state budgets.
Only importers would have to pay the tariffs and only the states would have to pay the feds on the budget tax.
Low tax and spending states would pay less.