[VRWC_minion]

I know you believe that the sales tax will simplify things and end the IRS but you deny simple economics. If you were to look at the planning and the various methods used to avoid the transfer taxes on gifts and estates you would see that the principles will apply to the National sales tax.

Experts will be available to provide methods to reduce both the existance of a taxable transfer or at least lower the taxable amounts.

[ancient_geezer]

Experts will be available to provide methods to reduce both the existance of a taxable transfer or at least lower the taxable amounts.

Experts to inform you of the best way to invest as opposed to consume, certainly. That is what they should be doing. Just under the NRST there are few tax issues to effect the choices made as regards investments, just financial and business considerations.

One of the basic tenants and anticipated advantages of a tax on consumption comes from supplyside economics. Investment provides the environment that fosters increasing productivity and thereby contributes to economic growth from which revenue for government is more easily extracted.

Under any tax system the individual tax rate can be minimized, that does not necessarily mean less available revenue for the legitimate purposes of government from the economy as a whole. For out of economic growth there is more wealth generated in the economy raising standard of living as well as funding the necessary expenditures of government.