If we were to do away with the 16th Amendment, thereby eliminating Federal income taxes, could the gov't make up the lost revenue via tariffs on imports (or some other method which creates American jobs)?
Seems like a win to me, but I don't know where to start to find the right stats.
Better idea, eliminate income tax, replace with a 8-12% flat tax for Medicare and start a group health care account linked to social security, the more you've worked and earned, the less your healthcare costs. People who mooch the system get higher healthcare Bill's, but still allow private insurance. Then to make up for the lost income, federal sales tax, those who have and spend the most money, pay the most taxes.
Plus, you can't dodge a sales tax, it's due when you purchase. No more fraudulent tax returns.
A flat tax is still an income tax, which means better ideas likely exist.
I think a sales tax has the same issue that income tax has.
You should only tax things you want to decrease. We shouldn't decrease income or sales. Commerce is good. Hard work and trade is how wealth is created.
We need to identify something that it would be beneficial to reduce, and tax that.