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Old October 13th, 2011, 12:08 PM   #4
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Originally Posted by pooleo View Post
The coin generated from the 9% sales tax would most likely produce more revenue than the current system. Basically, this ensures that EVERY BODY, rich or poor pays there share of the tax. Cash workers, illegal immigrants, etc. Every one has to buy there goods. This type of plan will work, dont know if this plan will.
So you think that the elimination of a 15.3% payroll tax, a reduction of total income tax from around 12% to 9%, a reduction of business taxes from 15% or more to 9%, and the elimination of the capital gains tax can be made up with a 9% sales tax? That just doesn't add up to me. And never mind that some portion of the business will be driven underground into a black market to avoid the new sales tax.
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