What do you think that federal, state, and local income taxes + SS taxes + medicare taxes do now? They all tax you off you GROSS amount as if you still have it after each one gets through taking their share.
Also, you ignore that once the cost of the corporations compliance and payment of the all the taxes they have to keep track of is eliminated, the cost of goods will actually go DOWN at the retail level which will INCREASE your buying power.
And don't forget that with the income tax, the government gets a cut NO MATTER WHAT. You have NO CHOICE as to how much you want to contribute. If you object, they will just send men with guns to haul you off to jail and TAKE what they want.
Let's not forget the Ta-ray-za had a true income of almost $50 MILLION but because of loopholes, she paid an effective tax rate of about 2%.
The income tax is for suckers.
I honestly have not been able to decide which I like better--the NRST or the Flat Tax. I see pros and cons on both sides. However, this argument is silly, IMHO. How many people actually believe that a corporation, once it has gotten people used to paying a certain price for an item, will actually lower their prices? The reality is that they will just pocket more money.