“national consumption tax.” If this is a tax paid on purchases of items or services, this hits the lower income people the hardest. Curious to see this detailed better on it’s actual structure. I don’t think it’ll get much traction though.
“If this is a tax paid on purchases of items or services, this hits the lower income people the hardest”
So then the lower income people will have an incentive NOT to vote for more taxation.
If this is a tax paid on purchases of items or services, this hits the lower income people the hardest.
It also forces illegals to pay taxes. The largest benefit by far.
Exactly. That said, this is all posturing/’virtue signaling’. No way this would ever pass. It’s all for show.
Lower income people are already getting major support thru Section 8 & Welfare.
” If this is a tax paid on purchases of items or services, this hits the lower income people the hardest.”
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Depends how it’s enacted, essentials like food would likely remain exempt similar to how food is exempt from sales tax now. Personally I wouldn’t necessarily get rid of all income tax, I would still allow a flat income tax on those making over a certain amount, say $200k, or tax capital gains over a certain amount. A consumption tax by itself could very likely put more of a burden on the poor.
If you exempt food, clothing, and energy, it’s not regressive.
If it is the Fair Tax, I believe there are rebates for low income for food and necessities. It’s been a while since I read it.
Many people whose income is from social security pay no income tax. A huge consumption tax would hit them hard. It would be stupid for them to want it.
Thanks for pointing that out. I could be wrong but is it not just another version of a VAT?
consumption tax = sales tax
a town up the road from me has a 3.9% sales tax
add to that 6.1% that goes to the state and the county
so sales tax is already 10%
then if the government wants a piece of the pie...up up up the sales tax goes
I propose that the feral government starts closing down ERA, CIA, NEA...