23% national sales tax instead of a 14.8% federal tax rate. I already pay 7.75% county/state sales tax. By eliminating the IRS, Social Security and Medicare taxes, I get to keep 37% more of my income.
So, for a 15.25% increase in my sales taxes, I get to keep 37% more of my own money. And I get a pre-bate of a certain amount every month!
Sounds good to me!
Where do I sign up?
(Ok. Even if the 23% is in addition to the 7.75%, I’m still ahead!)
Of course, for this to happen, Congress will have to get off its collective ass and repeal the 16th Amendment. They can’t even pass a budget!
So, it’s a good idea but I’m not holding my breath.