Electoral Reform policy of Liberal Party of India
American Medical Association and health care monopoly

National Sales Tax is a great Idea

Via Catallarchy, Neal Boortz writes in townhall about National Sales Tax as part of the Fair Tax Plan.

The plan replaces Federal Income tax, and payroll taxes with a nation wide tax on retail sales. The plan is very efficient (no tax returns to file), fair to everybody (it is not progressive) including poor as,


1. They get their entire paycheck.
2. Even with the sales tax, and considering the drop in prices, they’ll be paying essentially the same or less for everything they buy.
3. They get a check from the federal government every month to rebate any sales taxes they had to pay on life’s basic necessities.

I think it is a great idea for India to adopt. It will reduce black money in the system, reduce corruption and high-handedness of the tax officials and give tremendous boost to growth because of its non-progressive nature.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)