“A FAR more likely outcome would be that states would conform their sales tax base to the new federal sales tax base and raise the same amount of money they currently do with the sales tax alone and with a much lower overall tax rate.”
Ok. Thanks.
But wouldn’t that be predicated on the States actually abolishing the income tax, and not just keeping it as is?
Living in New York State, and considering who (whom?) we have running the government here, I wouldn’t be too sure they wouldn’t do both.
Yes it would but you must realize the expense that would now be involved for individual states to maintain their income tax systems without being able to rely on the federal system for the necessary data.