JFRAUD
Keep the Income tax for businesses (WHAT IT WAS REALLY CREATED For). Sales tax for all citizens. Sales tax would NOT be regressive as food would be exempt obviously. You wouldn't be paying anymore payroll taxes either so that makes up a large part of the sales tax. We get along just fine here in FL without a Income tax and our economy is booming. I have no reason to see why it wouldn't work nationally.
www.fairtax.org
If all this stuff is exempt, how the hell are you going to come up with the $2 trillion per year needed? Argue one way or the other.
Either
1. It will pay for the entire federal budget
2. It will be only 23%
3. It will be extremely regressive
You can't win them all.