Talk of The Villages Florida - View Single Post - Tax Season Approaching
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Old 01-30-2014, 01:19 PM
Bavarian Bavarian is offline
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Quote:
Originally Posted by buggyone View Post
What percent is right for the National Sales Tax? Is that in addition to a State Sales Tax? Are there any exceptions for people not paying a National Sales Tax such as doctor or hospital bills or is everything that has a price taxed at the same rate?
Number I have heard is 20-30%. But remember, the cost of the product will be much lower as the suppliers will not have the cost of compliance with current income tax, nor the tax itself. It should be a wash for most honest tax payers. But people working for cash, drug dealers, etc. would be taxed when they spent their money. And you control how much you pay as it is a nationa; sales tax. Don't want to pay a lot, don't buy things. Plus you won't have to keep track of your income, file taxes either by TurboTax or if very complicated, CPA.
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