flynn23 wrote:
] ] At the moment, homeowners can deduct interest they pay on
] ] their mortgages from their income taxes. Without an
] ] income tax, this subsidy, long seen as part of what made
] ] the American dream come true, would disappear. Bringing
] ] it back, perhaps through direct grants, would require
] ] raising the national sales tax rate to 21 percent.
]
] a great analysis on why flat taxes, whether income or sales,
] would not work very well.

Were the situation reversed, and a national sales tax were in effect and we were looking at moving instead to a national income tax, the public would be going NO WAY if average middle class wage earner learned that their appr. first 129 days of each year would be spent working just to pay their income tax.

RE: Economic View: What if a Sales Tax Were the Only Tax?