[nopardons]

People won't be " celebrating " this move, when they have to pay a comsumption tax on the full price of the house / condo / co-op they buy, even though they'll have a mortgage. Selling property won't be so easy either. Unintended ( unthought of ? ) consiquences just might shock some here. :-)

As for me, I 'd rather a 10 % flat tax.

[Jim Robinson]

I'd rather get rid of the slave tax and the IRS goon squad. Eliminating the income tax is step one to restoring our Republic and reclaiming our freedom. Once the feds are defunded, the rest of the unconstitutional federal behemoth begins to crumble. Defund the beast, defang it, and drive a stake through its heart. This is what the Republican Party should stand for! Long live the Republic!

[grania]

As for me, I 'd rather a 10 % flat tax.

I'd like to see that, too, but with no exemptions, exceptions, deductions, nothing but 10%. It would be in place of the current tax. Of course, an awful lot of government employees, tax prep people, lawyers, etc. wouldn't like that.

I would distrust a new kind of tax, such as a national sales tax. Odds are, we would end up with both things, an income tax and a national sales tax.

[weikel]

So wait do you oppose a NRST? Most people who can afford houses have income so I don't think there would be riots.

[Bigun]

People won't be " celebrating " this move, when they have to pay a comsumption tax on the full price of the house / condo / co-op they buy, even though they'll have a mortgage. Selling property won't be so easy either.

That simply isn't true my friend! PLEASE take the time to read This research paper on this EXACT subject.

[Dead Dog]

If you sell your house it is a "used" item, and is not retail as in N. Retail. S.T. as per HR2525.

All good and services will drop about 20% in price and cost. As it is now, when you buy something you pay the income tax of every person and corporation that touched it during production.

NRST makes investment in production like a 401K, it is only taxed after the investment matures. There is a real advantage by taking x number of dollars out of the return on investment as opposed to taking that same amount out of the original investment.