Tax Reform

[John Dibble]

I'm for the sales tax, and I would accept the rebate for the lower class. Coming home with more of my paycheck would be very nice. Of course, I'm for spending cuts as well, so the sales tax would be kept low.

[John Dibble]

You get to keep your whole check though so you'd have more disposable income to purchase your goodies.

What about payroll taxes?

I think the sales tax abolishes federal corporate and payroll taxes.

You mean that it generates about $2 trillion a year in revenue? What's the tax rate? 75%?

I believe it is proposed to be 23%

[John Dibble]

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.

As much as I hate to play devil's advocate, being a supporter of the national sales tax, do consider that Florida gets lots of tourists - non-tourist states wouldn't get that kind of tax income(though, on the other hand, they may not need it as their infrastructure wouldn't have to handle the tourists).