Trump will scrap federal income tax and abolish IRS, ally suggests

[lapfog_1]

4. essentially a national sales tax

a very regressive form of taxation

Billionaires would pay the SAME tax ( not same tax rate, but same amount of dollars ) by buying imported goods ( like food ) as everyone else.

Say goodbye to almost everything we import... winter fruits and vegetables, many specialty items, coffee, bananas, etc.

Cheap electronics and appliances... gone.

competition for domestic car companies... gone.

of course we will buy some American made goods... without the huge tariff. But that will take years to develop. Meantime, nobody will buy our stuff so... welcome to the great depression.