Both the House and Senate bills amount to no more than putting lipstick on a pig ... repeal the income tax, shut down the IRS and replace the current system with either a revenue neutral flat tax or revenue neutral VAT.
If this article is accurate, it seems the senate bill is more like rearranging titanic deck chairs.
Both the House and Senate bills amount to no more than putting lipstick on a pig ... repeal the income tax, shut down the IRS and replace the current system with either a revenue neutral flat tax or revenue neutral VAT.
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I think the VAT is too vicious. How a about a sales tax at the final retail level but make it a transaction tax that would encompass all transactions except medical.
States with sales taxes already have in place reporting/collection procedures. They could collect the federal taxes eliminating the IRS for that function.