OPINION: This zombie tax idea will never work. Kill it once and for all
national sales taxCount on it to be a major issue in the 2024 presidential election campaign, as Donald Trump’s campaign runs ads attacking Florida Gov. Ron DeSantis for co-sponsoring national sales tax legislationPoliticians who support this idea, which is sometimes billed as a "FairTax," are selling us a bill of goods – literally.
The word"taxes" is seen engraved at the headquarters of the Internal Revenue Service in Washington, D.C., May 10, 2021. regressive by its very nature, defying a century-old political consensus, because taxes would be collected based on expenditures not income. Low-income families spend a significantly higher proportion of their income than higher-income families, so they would naturally be hit hardest.
Supporters tout the fact that a national sales tax would replace other forms of taxation, most of which are deeply unpopular. But in order to fully replace the revenue from abolishing taxes on income taxes, payroll taxes and corporate taxes, FairTax advocates call for a 23% tax on all goods and services.
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