General Discussion
In reply to the discussion: Blasphemy: a National Sales Tax would be MUCH better than our present or any Income Tax system [View all]JohnnyRingo
(18,628 posts)Last edited Sun Sep 15, 2019, 04:02 PM - Edit history (2)
If, like most people, you live paycheck to paycheck, you'll be taxed on nearly 100% of your income. If instead, you only spend 10% of your income, then you would thank the High Heavens that there's a national sales tax that spares 90% of what you make from the government.
Certainly anyone in business would get further breaks by putting everything in the company name. You'd drive a company car, buy furnishings on the company credit card, and deduct clothes needed to conduct business. Anyone who says "no loopholes" is lying if they claim pizza shops would have to pay a sales tax on every daily supply they need to run it.
A national sales tax is just another way to shift the burden down to working class consumers who can least afford it. It would also bring exempted people below the poverty line into the new taxpayers club and stifle consumer spending when compounded by state and local sales taxes.