Okay, so there is NO Fed income tax, but there would still be the rest of the deductions ? That would mean a 10 % ( and that's far too low, it'll be closer to 20 % ) consumption tax added to EVERY SINGLE purchase ? Taxes on food, drugs, doctor's visits, manicures, haircuts, etc. ? This, on top of state, city ( where it applies ), property and already existing consumption taxes ? There'll also be new tarrifs ( China, Europe, et al are just gonna LOVE that, Jim. )on everything we import and that'll raise the price of those items and make the consumption tax , on them, even higher.
There'll be NO mortgage deductionms ; however, they buyer will have to pay at least a 10 % ( probably much HIGHER ) consumption tax on the purchase of a new home / apartment ? There wouldn't be enough " extra " money, in peoples' pockets for that !
No unemployment benefits, no Medicare, no Medicad, and that's done immediately , in your wish list ? The Veterans Revolt, will look like a day in the park, compared to the riot, that would take place.
look, I'm NOT in favor of a bloated government and HATE the IRS ; however, reality tells me, that this plan is a crock. Back to the drawing board !