NO! And dont let them convince you that it is a VAT! AND if they try to roll it over into a VAT I WILL BE THE FIRST to oppose it!
A VAT is like to one they have in Europe where a item is taxed at every level from manufacture to sale. A one dollar item becomes a ten dollar item at the time of sale.
A NATION RETAIL SALES TAX on the other had..is taxed ONE TIME at the cash register..like state sales taxes.
For a long time I opposed this idea..but after being put thru three tax audits which bankrupted my small business, I now am for it. Those three audits cost me in excess of 30 grand in CPA fees alone. And 30 grand is a lot of money for a small business..
I live in Oregon and we have no sales tax but we do have an income tax. (tourists come free) Next door is Washington that has sales tax but no income tax. Oregon has long put out the idea of getting a sales tax but we won’t go for it because no one believes they’d really eliminate the income tax in return - and even Oregonians aren’t buying the promises to keep the sales tax low.
I sort of like the idea of changing from the income tax IF only a final sale to the end user is taxed. At least individuals wouldn’t be audited anymore. Hard to imagine our upstanding “leaders” ever giving up their ability to buy favors with our money though.
I also had a business...and I know what it’s like to deal with the IRS - but this wouldn’t go away with this sales tax.