Flat sales tax rate instead of an income based tax system?

im not a finacial guru by any means, but, if a flat sales tax rate was implemented (say 23%, rather than the average 7%) rather than taxing income, what would the ramifications be?

would our businesses be able to flourish without the burden of corporate taxes, and the ability to write off almost all expenses tax exempt?

or would the working class suffer as a result of higher prices (keep in mind that your paycheck would be 25% bigger)?

or would the government be crippled by the possibility of less income from taxes?

would the stock market skyrocket along with interest rates? or vice versa?

Flat sales tax rate instead of an income based tax system?

Flat taxes are regressive and are a bad idea. People living at the federal poverty level generally need to spend their whole check (even if they%26#039;re making 25% more), which means the entirety of their income is taxed. So the poor still get the entirety of their income taxed, while the rich who do not have to live check-to-check don%26#039;t experience those ramifications.

Businesses--because they bring in so much money they might experience a few gains since their whole income would no longer be taxed, but without corporate loopholes from the federal government they might lose out, which would cripple the stock markets.

Flat sales tax rate instead of an income based tax system?

Another giveaway to the rich, so they can invest more money in China%26#039;s ability to compete with us.

Thanks anyway.

Flat sales tax rate instead of an income based tax system?

would $11 Trillion dollars come home from overseas saving accounts -

YEP - I am for it

the government would have 20% more revenue than they do today!

Flat sales tax rate instead of an income based tax system?

The increase in crime would go through the roof.

Flat sales tax rate instead of an income based tax system?

Well with a 23% sales tax I for one would not be buying. North Pole Alaska has a city tax of 1%, so for the principle of it I stopped buy things (Namely Gas) in their town when I live in Fairbanks Alaska. Now I legally have to pay about 23% in income taxes (I can not legally get out of it.) but if a sales tax (only: it will never happen instead we would end up paying both sales and income taxes.) was the only tax I would buy allot less than I currently do and beat the taxes. If you put into an IRA the government taxes your income at 23% (Differed or now) and than if you die before you spend it they take an additional 50-60%. That%26#039;s why I don%26#039;t save; I spend it all while I can. This is why I hate liberalism and tend to look down on democracy. Hell even Plato (The Republic) said that democracy degenerated into the idle mob voting to take the hard earned gains away from the productive. (Some things never change.)

Q. Why would a flat tax make crime go up?????

Q. %26amp; A. The poor are generally poor because they are uneducated (their parents fault.) or because they are lazy (their own fault.), or because they are on drugs or crazy or so other crap that effects a small minority. Whereas the rich (Federal standard not really rich) in America are generally that way because of hard work and education and the fact that they didn%26#039;t get hooked on drugs shouldn%26#039;t they be rewarded instead of punished? The only logical answer is yes but the Liberal answer is no. How about you spend your money on what you want and I do the same.

I once had a liberal professor which real against the Church of England forcing the Irish peasant (Catholic) to tithe he said it was not fair to make people pay for something they didn%26#039;t believe in. Yet that same hypocrite will have me pay 2.5 tithes to his %26quot;progressive church%26quot; which I despise. Excessive taxation is stealing plain and simple and everyone that votes for Liberals is guilty of theft among other things.

Q. %26amp; A. If you had ever run a business you would understand that most of what comes in soon goes right back out and what閳ユ獨 left before the taxes is called a profit and its what motivates businessmen and women to get out of bed and make sure the underproductive have jobs.

Flat sales tax rate instead of an income based tax system?

First of all, there is a growing movement of people, who are trying to get the illegal, fraudulent income tax repealed. It was started in 1913, and the money would not even be needed if it were not for the Federal Reserve, which is also a fraud. The money from income tax does not fund any government programs and services. All this income tax does, is to pay the interest on the money that the government borrows from the federal reserve, which the government never needed to do before the federal reserve was created by Private Bankers for the benefit of ONLY those private bankers, who happened to be Globalists. We

have been bamboozled for all these years, into paying an illegal, and immoral, and unconstitutional, tax that does nothing but line the pockets of the top 1% Elitist Globalists. And, Government got along just fine before income tax, and before the gold standard was abolished!!!!

Flat sales tax rate instead of an income based tax system?

Sales taxes are regressive. The poorest would pay a far greater percent of their income in tax. The percentage of income paid in sales tax declines as income increases.

Are you sure you%26#039;d want to tax the poorest heavily and give the wealthy an effectively free ride?