Wednesday, February 8, 2012

Adjusting to a National Sales Tax

One of the biggest off-the-bat deterrents that I have noticed citizens have when told of such a high sales tax is a big twinge in the face that tells me that they can't imagine themselves paying an extra dollar for a gallon of milk or an extra $180 for an Ipad or $12,000 for a new Ford SuperDuty! The first thing that I want to make clear when explaining my idea is that under my system, the tax is already built into the price of every new good and service. So when you go to the store as a customer, you will never see anything declaring how much tax is in that cost; the retailer sets all the prices before their product hits the shelves.
Try to imagine that world for a second; a place where that $199.99 price tag for that dishwasher means that your total on the register screen reads $199.99. So that twinge at the sound of 30% needs not be there because once the new system is implemented, you never have to hear about taxes again.
That is quite possibly the best part about my idea for both sides of this debate and is something I hope to delve further into with later posts. The discussion of taxes makes even the geekiest of CPAs feel dirty let alone the average Joe or Jane. Under the current system, the subject of taxes is literally nothing more than a battle in which each year’s winner feels that they have successfully cheated the other side out of the most amount of money. The IRS writes in pages and pages of tax code each year to make things more and more complicated so that only CPA’s and tax preparers can navigate the system which takes even more of a citizen’s money than even the government intended. At the same time these CPA’s and Tax Preparers will dig and dig for their clients to find every possible tax break imaginable to do whatever they can to return as much money as possible without inviting an IRS audit. The system is a joke. My system will eliminate every income, capital gains, payroll, property, estate, trade, and every other tax you've ever heard of and start afresh with just one tax. One tax that everyone pays the same regardless of how much money they make, or how much money they have, or even how they made their money. America's economy and her government will grow as her residents spend money and never again will she knock on your door and ask for you to hand over any of your hard earned income.
When all is said and done I believe that this blog will produce a well-built argument that might perk the ears of some of those with the ability to make a change. I sincerely hope that after reading my thoughts you will take a moment to provide me with some feedback. Please take into consideration that my intention with this blog is not to be a rabble-rouser or an extremist. I have simply envisioned an opportunity and have found through research that the possibilities are there for taking advantage of this Nation’s unique situation.

I will let this be the end of this post as it seems like a good starting point. In my next two posts I intend to begin playing both sides of this debate. First, I will lay down my favorite “pros” in support of making the change to a 30% National Sales Tax. In the Second Post I will do my best to lay out the “cons” I have found valid and make, as best I can on my own, the rebuttals to my first post “pros”.
Thanks for reading. I hope you find this initiative as intriguing and inspiring as I do.

No comments:

Post a Comment