HOW AND WHY WE CAN DO WITHOUT FEDERAL INCOME TAXES
What type of tax reform do you want? Simplification of the existing progressive income tax system? A flat tax? A sales tax? A value-added tax?
Tax professionals, economists, elected officials and others heatedly debate the pros and cons of each. However, it is unlikely that real tax reform will occur until the financial crisis gets so bad that most people will agree to radical change.
Most tax reform discussions and debates lead with the premise that any new tax system has to raise roughly as much revenue as the present system. But...why should that be?
Evidence indicates that total government spending is at least twice as high as it should be to maximize job creation, economic growth and the general welfare. Given that, here's how we can fund government spending without individual and corporate income taxes.
