VATupdate

Share this post on

Could a national sales tax grease the economy and raise incomes by 10% — but hurt the middle class?

  • Sacking tax collectors and scrapping the IRS sounds like a vote winner  
  • Getting rid of income tax — and those lengthy forms — sounds even better 
  • At its best, the Republican tax plan will grease the economy for all
  • But somebody will have to administer those new taxes on sales
  • Also, consumption taxes are regressive and hurt the poorest the most
  • Polling shows voters want to ‘crack down on wealthy tax cheats’

Source: dailymail.co.uk

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner
  • VATupdate.com