Bob Alkire
New Member
What we need is to replace the income tax with a sales tax. That would not discourage a person from making money, but would discourage people from making unwise buying decisions. Plus, it would preserve the deductions we all enjoy (no sales tax on interest, etc).
How much? You know it would keep going up and up as income tax did. When in Europe a lot of places had a sales tax or value added tax. Try buying a car, a stove and so on, it wasn't good in some places.
At one time all interest was a tax deduction. Our economy was built on time payment from the end of WW II till now for the most part. They still sell cars on time even with the loss of the deduction. They used the deduction to keep us spending money we didn't have. I say do away with all deductions and have a flat tax and no other federal taxes.