Thread: US Switching To A National Sales Tax
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Old 11-05-2004, 12:09 AM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
Quote:
Originally posted by Steen2
But I like not having to pay sales tax on 80% of my purchases
Retail sales are $3.8 Trillion. The government will collect $878,300,000,000 in personal income taxes next year.

So it would take a 23% sales tax to do the job.
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