The VAT tax is a bad idea because where it's been implemented, there is also a national income tax. Those taxpayers are being double dinged.
The Fair Tax (national sales tax) that has been proposed for the US, replaces the current income tax.
Huge difference.
and a sales tax is NOT a VAT tax ... 2 different things ...
The Fair Tax is fine, EXCEPT for one part: the Prebate. The Prebate is a “negative tax” (i.e., a welfare payment) that Congress gets to set. I don’t want politicians in the tax determination at ANY stage. If you do, you’re going end up with the same mess you have now. Can the Fair Tax and go with a Flat Tax of 17%. If you truly have a flat tax, you wouldn’t even need to file a tax return since all revenue sources would withhold 17%.
That's exactly what they said in Canada, and guess what...