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Politics : Politics for Pros- moderated
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To: Ilaine who wrote (84400)11/6/2004 12:51:19 PM
From: Lane3   of 793843
 
People used to save receipts for tax purposes.

Yes, they did. And we've gotten away from it for good reason. Can you imagine the overhead of saving receipts for each candy bar purchased or getting separate checks/receipts every time you ate out? Unbearable.

If we're going to have a sales tax, it would be much more practicable to have it applied to everyone. And it would be much, much more efficient and effective to do it as a VAT.

If we want to then compensate the poor, we'd have to supplement the VAT with some kind of negative income tax mechanism, much more efficient than saving candy-bar receipts but problematic in its optics because it plays out like a welfare system.

I don't think there's a tax "reform" that's really feasible other than the flat tax, which I support in large part because of that feasibility. If we're going to have a sales tax, we'd pretty much have to do it as a supplement to the income tax, not a substitute.
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