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To: central_va
Agree - NO INCOME TAXES AT ALL. Tariffs and a NRST plus shrinking FedGov™.

What is the difference between having a Federal Sales Tax and a Federal Income tax?

As far as I can see, there is no substantial difference between the two taxes. The only substantial difference that I can see between the two taxes is that one taxes you 10% of your income when you get paid and one taxes you `0% of your income when you spend it. Thus a flat 10% sales tax and a flat 10% income tax on everything would take exactly the same amount of money from you, but at different times.

Isn't that, right?

I suppose that the theoretical details of such a proposal would be important too, like what would taxed under a national sales tax. (For example, would food be exempt from the tax. That could be a big deal for many low-income people)

Beware though, the regressive nature of a national sales tax which would disproportionately harm low-income individuals as opposed to a progressive income tax which disproportionately takes from the rich would be very unpopular.

62 posted on 11/19/2013 9:46:32 PM PST by old republic
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To: old republic
What is the difference between having a Federal Sales Tax and a Federal Income tax?

No offense but that is a really ignorant question. If my earnings are tax free I can invest, pay off personal debt, gamble do what ever tax free. Most of all I can save tax free in an account that is not controlled by Uncle Sam. Do you see the difference now? It's called freedom.

Now if you are retired you are probably against it, but the economic war and the youth of America needs to stop.

Plus tariffs promote domestic industry and job growth.

65 posted on 11/20/2013 4:03:31 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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