National Sales Tax

Note: All of my opinion pieces are written by me alone. They are not copied from any other source.

Switzerland - (Opinion)

On the news recently a reporter said that we are going to crack down on wealthy people who park their millions in Switzerland. Why do people hide their money in foreign bank accounts? To evade Income Taxes.

I have to pay taxes and you have to pay taxes but the very wealthy do not always pay their share. So what is the simplest solution to this problem? Repeal the Federal Income Tax and replace it with a Flat National Sales Tax.

How would that work? Every time anyone (Rich or poor) makes a purchase a percentage of sale would be added to the total just like the Pennsylvania sales tax.

If this system is adopted, the rich would have no reason to hide their money abroad because they would still have to pay the National Sales Tax for every item they make a purchase. (Food and medications etc. would be excluded).

What other cheaters would be affected? Criminals, drug dealers, and all Income Tax cheaters. Even criminals would have to pay the tax when they bought a car or boat or new Tommy gun.....

Most of the IRS service workers, tax lawyers and tax preparers would have to find real work. That should save a bundle. No more saving receipts and keeping records for the IRS. The Federal Government would have a steady stream of cash coming in throughout the year. I could go on for pages with more advantages of a National Sales Tax.

I know that there could be some problems that would need tweaking but simple is always better. What do you think?