My question here is , will the 10% of the population that still pays taxes still be subject to this VAT? If so, then they would be double taxed, paying yearly and throughout the year through normal activities of commerce as the rest of the 90%. As I mentioned in a previous post regarding the presidential tax advisery panel, this nonsense needs to stop. It is apparent that this panel is useless and is not looking out for the American people at all, only trying to see how much more can be siphoned from our hard earned incomes. Out of all of the myriad ideas presented to this committee, the one idea that involves adding more taxes, and complicating the system even more is the one they seriously consider! Either these people are incredibly dishonest and greedy or just plain stupid! Maybe both.
What say you?
More info on tax reform research:
Tax Reform Briefing Room
Fixing America’s Tax Code
In this series Mr. Christian points out a quite compelling point about the current reluctance to reform our tax system stating:
"...the stakes riding on successful tax reform are enormous. Because if the Congress and the President cannot (or will not) reform something so fundamental or readily fixable as the tax code, what hope is there for ever doing anything about the rest of the federal edifice, where the faults are much grander and reform is far more difficult to achieve?"Something to think about.