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What's wrong with a National Sales Tax?

Asked by RocketGuy (15239points) January 28th, 2011

Seems Tea Party and Republicans want to a National Sales Tax instead of Income Tax. What are the disadvantages?

Rich people buy Gucci => pay more
Middle class buy from Target => pay less
Lower class buy from WalMart or directly from farms => pay least

There would be downward price pressure on products. The national savings rate would skyrocket. What could go wrong?

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