Quote:
Originally Posted by CoachKandSportsguy
https://buddycarter.house.gov/upload..._act_118th.pdf
Replacing all taxes with a consumption tax. . . basically a sales and service tax. . .
not sure how this bill will get implemented, and even if its a good idea. . . switching from income earned to good and services purchased . . .
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I've always liked the idea of a flat tax for everyone at 5%, then extra for good ol' Social Security. Of course, it may throw CPAs, IRS agents & company CFOs out of work, but there would most likely be more jobs out there in other areas. Just withdraw the amount on W-2s, a line item on 1099s and quarterly filings by companies. Then MAYBE DC could learn to live within its means. At least, it's a start...