In answer to my question re. when will he get behind the Fair Tax to him at one of his town hall sessions back in the 90s, Newt Gingrich offered the same suggestion. He said these 100,000 IRS hacks should be given weapons (obozo has since heavily armed them) and sent to the border.
20 YEARS LATER We STILL suffer under this insane and abusive system.
Perhaps this time...?
If the IRS is abolished how will congresspeople give loopholes that their “friends” bribed them for?
I’m not convinced on the fair tax.
Simpler yes, but it’s sold on some premises that do not met the sanity test.
You can’t and should not assume a 100% consumer economy... meaning you can’t assume all income translates to consumer expenditures.
Secondly, I don’t like how they handle business taxes.
Thirdly, equating revenue only misses the point. Where is the analysis of tax burden versus economic growth? We should not assume that the current revenue levels are acceptable. The truth could be that they are sustainable, but I don’t see analysis that shows it. They could be ok. They could be too high. They could be to low.
I prefer a system that acknowledges that corporations don’t pay taxes, their customers do...
Why not eliminate individual income tax altogether, and tax corporations? Similar, but not the same. Two stage tax... revenues and profits, and it need not be 23%.
We can do better.