(Potentially) Controversial Opinions

[What Exit?]

0% of your income you keep everything you make. No FICA. And your employer pays no matching taxes or payroll taxes. And no tax on the company's income. Instead you pay a 23% embedded tax on all new purchases of goods and services. This sales tax replaces all the taxes that used to go into that product at every level. On average about 22% of the cost of goods. So the cost of consumer goods will go up about 1%. Anything you don't spend you can invest like a 401k with no tax and like a Roth IRA pay no tax on your dividends unless you spend them. And you receive a couple of hundred bucks a month to cover the tax on the basic necessities up to the poverty level. If you want to save money on taxes you can buy used goods. So if you spend every thing you make you pay 23%. The more you invest or save the lower your relitive tax rate.

1) So what would the actual Federal revenue be?
2) How does this cover expensive places like NYC?
3) Is the sales tax State or Fed?
4) Have you run these number vs. real sales figures?
5) If not do you know of anyone that has?

I see some voodoo economics in your proposal but I am open to correction.

[ivan astikov]

You have this backwards, it's "The People" with their hand in the pocket always wanting more free money that are choking the goose that lays the golden egg. Once the burden is too great to bear the greedy bastards will cash in and quit. Then what will you do? Who will you squeeze next?

How can the majority of people, whose wealth combined barely adds up to that of the richest members of society, have the ability to squeeze anything dry? From my experience, "greedy bastards" never "cash in and quit"; they just find another place to make their money work for them.