What would be the effect of a Federal and State consumption tax only. No more Income Tax, property Tax, etc?
Posted March 18th, 2009 by admin 2 Comments »
Wannaknow_guy asked:
Each State would have its own consumption tax plus the Federal. Business Tax would remain the same - therefore no effect on GNP. Certain items like food and medical supplies would not be taxed. Why not?
Each State would have its own consumption tax plus the Federal. Business Tax would remain the same - therefore no effect on GNP. Certain items like food and medical supplies would not be taxed. Why not?