Here comes the VAT?
From the Washington Post.
A lot of tax reformers have talked about replacing the income tax with a VAT or some kind of sales tax. Cynics who knew how governments think told them that the end result would inevitably be income taxes PLUS sales taxes. And that everybody would end up paying through the nose.
Say, the Washington Post deficit chart looks a lot more benign than this one, that includes pre-2008 numbers and uses the CBO figures, not Obama's wildly optimistic ones: