There is a huge underground economy in this country that completely goes untaxed, so we really can’t use IRS figures.
Won’t a federal sales tax increase the underground economy with people going underground to avoid the tax?
I think we need a flatter income tax, where pretty much everyone pays at least something and loopholes are closed. But any consumption tax seems to be bad for the economy.
I love a lot of things about Cain, but not 999.
Bingo!
He also misses the fact that the profits of overseas companies that we import from are not taxed, we would capture some of that with a sales tax.
Your right about that undergroung economy, I trade product for services and often food.