The NRST is a hell of a lot more fair than the income tax.
Exactly, the writer failed to remember that he wouldn't be paying $10k to the government every year in income tax. It makes that $6,000 tax on a car a bit easier to accept.
How do you know?
Indeed, whatever your view of this issue, this article is amateurish, uninformed, and a general waste of time.
He also leaves out the question of the "black" economy: The NRST is the only way to tax the people that currently cheat on their taxes. The cash businesses, illegal businesses, illegal aliens, etc. This is a much bigger slice of the economy that most people think.
I have no ideological tie to flat tax versus NRST, but, on balance, after looking at the benefits of both, I prefer NRST.
Either one would be a big improvement. You have to question naysayers who tell you change is bad when the current system is so awful.
>>The NRST is a hell of a lot more fair than the income tax.<<
I agree, but only if it was flat and across the board. That is, ALL items carry the exact same tax and ALL people pay it.
It would never fly and it aint gonna happen.
It would also destroy our economy because people like me would cut their spending dramatically. Too many people would start saving instead of spending and there would be less use of credit. I could go on and on. The bottom line is that the best way to curtail an activity is to tax it.
Heavily taxing the act of spending (and it would be heavy) would not exactly by an economic boost.
I agree. I find it sad that we have lived with a progressive tax for so long that anything less progressive is deemed regressive. Its rather like how congress can call a spending increse a spending cut if the increase is less than they wanted.
Sheesh.
Amen! This is the only way to recover any of the billions that illegals and others working on a cash basis avoid by not paying payroll taxes.
It's better for income earners, but it's much worse for people who've saved money for retirement, who paid taxes up to 50% on their income in the first place and now have to get it taxed yet again.
The NRST will not simply replace the income tax. That will be the promise, of course, after an initial period of parallel operation, also of course. In fact, politicians will almost certainly just end up charging us higher taxes. The income tax is too important a mechanism for control to be given up.
The real purpose of the NRST is to keep our nearly bankrupt government rolling - now by raiding the savings of the elderly.
And that's what they don't like about it......can't be fair.