[federal__reserve]

Andy, my federal tax bill runs right around 20%-22% every year. That is on TOP of social security payroll tax and
medicare tax. If all those get eliminated per Herman’s plan,
why should I not be happy paying 9% national sales tax?

Besides, sales tax applies only to stuff I buy. Which is no
where near 100% of my income. Which means I will have more
money leftover for additional investing.

[andyk]

Andy, my federal tax bill runs right around 20%-22% every year. That is on TOP of social security payroll tax and medicare tax. If all those get eliminated per Herman’s plan, why should I not be happy paying 9% national sales tax?

I hear that, and I appreciate your sentiments. I appreciate it the same way I appreciate the way in which the original income tax applied to actual income at a rate of 1% (plus 6% at $600K+), followed by the victory tax, ad blech.

It certainly sounds delightful compared to what we have now. I sincerely believe that it is a disaster to add a sales tax on top of an existing income tax.