While generally a wealthy person will pay more "sales-type" taxes anyway, you may still run into the issue of how to insulate the truly poor from this kind of tax. You can make things like food staples tax free (like they are now from sales tax) and maybe some other items. If you stick to making certain essentials tax free, you'll be okay.
But if you arrive at a point where someone has to say, "a rich person must pay the tax on this item, but a poor person does not," then there has to be a reliable way of identifying them at the cash register. Not only would this involve paperwork and identifying things like income again, but the spectre of a "Poverty ID" raises its ugly head.
Flame » in reply to An at-the-register value added tax would be virtually paper-work free
re: value added tax
The whole thread (29 posts)
- US Tax Code
- Consumption tax drawback
- The wealthy in this country, have most of the money.
- With a consumption tax....
- You mean... We'd have to actually.... ENFORCE border security?
- re: You mean... We'd have to actually.... ENFORCE border security?
- That might work, but here comes the paperwork again. (n/t)
- An at-the-register value added tax would be virtually paper-work free
- re: value added tax
- Poverty ID
- Solution: Tax everything and pay the poor
- fascinating ..
- I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands. (n/t)
- In effect that's what Fair Tax proposes
- re: value added tax
- An at-the-register value added tax would be virtually paper-work free
- That might work, but here comes the paperwork again. (n/t)
- re: You mean... We'd have to actually.... ENFORCE border security?
- You mean... We'd have to actually.... ENFORCE border security?
