I don't take much issue with a flat tax, it would be a huge improvement over what we have now. But I'm totally on board with the Fair Tax concept.
The reason is the underground economy. There is a huge segment of the economy whether it be illegal or legal that operate on cash or barter. A huge amount of that is not reported. Let's take a simple example, a barber or hair dresser. A lot of their income is cash. Now I'm not judging but does anyone really believe they report ALL of their income.
With a sales tax based system if you save, your rewarded with only paying taxes on earnings you spend and you become a more independent person who doesn't need government for financial security. But with the sales tax system everyone who makes a dollar then spends that dollar pays their tax.
Also all the people who come just to visit or stay for a short time contribute to the taxes needed to support the infrastructure they use while they are here, including police and emergency services.
Makes sense to me, how about you guys?
The reason is the underground economy. There is a huge segment of the economy whether it be illegal or legal that operate on cash or barter. A huge amount of that is not reported. Let's take a simple example, a barber or hair dresser. A lot of their income is cash. Now I'm not judging but does anyone really believe they report ALL of their income.
With a sales tax based system if you save, your rewarded with only paying taxes on earnings you spend and you become a more independent person who doesn't need government for financial security. But with the sales tax system everyone who makes a dollar then spends that dollar pays their tax.
Also all the people who come just to visit or stay for a short time contribute to the taxes needed to support the infrastructure they use while they are here, including police and emergency services.
Makes sense to me, how about you guys?
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