23% sales tax; no fed. income tax

[somerfrost]

Originally Posted by pgardn

Proposed. By a guy named Bork. Where are those economic majors to sift thru this?

Whaddya think? I think getting rid of this huge accounting mess, making the IRS ... gone for the most part would greatly simplify my life. You spend a lot, you pay a lot. BTW, the 23% would basically match what the federal government obtains using the current system.

I guess this applies to any purchase... Wonder how this would affect the stock market. But, bottom line, no paying Uncle Sam in April (for me anyway, I am one of those that take their time getting the taxes done).

terrible idea...would effect the poor much more than the rich (no big surprise), while the rich would pay more for luxury items, everybody needs food, clothing etc...it would be a huge break for the richest folks!