I'm not sure why it's so hard for people to see the advantages of this 999 proposal.
I heard but have not confirmed that the sales tax portion of the program only applies to new items? If so buying a used car or preowned home would be very interesting.
In GA the sales tax only applies to the purchase of new items. I assume it’s that way in other states as well, and I assume it would be that way with a federal tax.
To put it simply..
If you take
A) the 47% that file income tax and dont pay taxes
B) all the folks working under the table
C) all the folks engaged in illegal trafficking
D) all the folks who get back 2000 to 6000 MORE than they paid (EIC)
E) all the wealthy that use loop holes and CPAs to pay low or NO taxes.