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Strategies & Market Trends : ahhaha's ahs
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To: Don Lloyd who wrote (3212)10/19/2001 11:32:17 PM
From: ahhahaRead Replies (2) of 24758
 
a national retail sales tax would, IMO, be a better choice as it would eliminate the IRS and all the tax preparation and documentation costs, as well as expand the tax base by decimating the underground economy.

It would only alter the IRS. It would create a new bureaucracy much like the IRS to administer the tax. There are many problems in such administration like eminent domain. States have the right to levy a sales tax. If there is a federal tax on sales, there is a friction between the two entities. No doubt a million schemes are available to manage this friction, but that defeats part of the purpose.

Then there is the consideration that such a tax punishes artificially spending and consumption. We've spent 100 years punishing one side, saving and investment, so why alleviate one for the other?

What qualifies as a sale liable for federal tax? You can't all say all sales. You'd have to say, final sales. How can that be differentiated?
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