Department of the Treasury

Federal Income Tax & Sales Tax

Abolish the federal income tax and implement a 10% federal sales tax on all consumer goods, products, and services. No exceptions. No loop holes. Keep enough IRS staff and agents to ensure compliance and collections of the tax by business. The other IRS support staff and agents can fill in the ranks of understaffed investigative branches of other government agencies. Individuals would no longer need to file taxes and the governmnet would save money by no longer needing to send out refund checks, investigating and prosecuting tax cheats, or spending countless hours trying to research and understand complex tax codes riddled with exceptions and loopholes.

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Idea No. 704