Quote:
Originally Posted by Rupert Pupkin
If they did a federal sales tax in lieu of income taxes, I think they would have to make the federal sales tax really high to make up for all the lost revenue. If the federal sales tax was in lieu, my guess is that it would probably be around 25% or higher. I think that is way too high. That is why I suggested a combination where they have a small federal sales tax and then they could lower federal income tax, but not eliminate it.
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Well, if they actually cut spending, they wouldn't "need" more revenue.