[LambSlave]

... and you'll pull the typical American into a 35% overall tax bracket.

Do you spend every penny of your income on goods? Since I spend much less than 10% of my income on goods, then that 23% would be equivalent to less than a 2.3% income tax, not 23%. That means instead of the > 50% total tax burden I shoulder now, it would be about 35% (or less if state income taxes go away) which would be a lot better!! Think about it...

[Filo]

Do you spend every penny of your income on goods?

No, I spend nearly 60% of it on various taxes and other frauds perpetrated by the government.

Since I spend much less than 10% of my income on goods, then that 23% would be equivalent to less than a 2.3% income tax, not 23%.

I'm not sure I agree with your math, but I'm not sure what would and would not be taxed. For instance, if I buy my $1,000,000 3 bedroom "mansion" here in sunny Kalifornia will I actually pay $1.3MM? If I buy a "used" home then it's tax exempt, but a new home is taxed at "23%" (really 30%?)

I've thought about it but need to do more research. My gut, however, tells me that 15% is more than enough.

It also tells me that the congress should have to put any increase in this tax to a vote approved by a supermajority of American voters.