And will necessarily result in the creation of another bureaucracy to track every American, bank acccounts, addresses, game the numbers on average expenditures on the things that never should have been taxed in the first place, and to issue all those payments--and monitor the inevitable fraud. How many of the IRS people who already do this sort of thing will make the shift? Most, if not all, and then some.
Just do away with it.
Income equals X, multiply by a fraction, Y, and send a check. It doesn't get any simpler than that.
It doesn't require an army to implement.
And one more thing, YOU WON"T GET RID OF THE IRS ANYWAY: there are tariffs and excise taxes to collect, not just the income tax.
You know, Joe, you really, really don’t know what you are talking about. You are spouting all sorts of hypothetical nonsense!
Go read the legislation — it is a compact bill and is clearly written — get educated and then come back to the discussion.
PS Joe, after you read the legislation, see if you can come back to the discussion and actually add something of value to it!