|
Minte, a 5% sales tax does increase the taxes on the top 1% considerably.
Many only pay 15% now so you are talking about raising their taxes by a very large percentage if all of their purchases are taxed.
In fact, your 5% sales tax would raise their taxes by a lot... Which is why the GOP won't do it.
Ther prefer the Ryan plan which factually would have reduced Romney's income tax to less than 1% in 2010 (applying the actual Ryan numbers to the actual 2010 return which is the only one Romney has made public)
I very much favor a national sales tax. Romney, Ryan and Goldman Sachs do not.
|