We need VAT. Just like our international competitors have.
#1 | POSTED BY DANNI AT 2018-01-15 09:51 AM | FLAG: That would be great if they actually did away with the personal income tax, unfortunately, knowing politicians, we'd probably end up with both.
BTW, did you notice in the news that the Treasury again took in record revenues, yet the congress still spent more:
'Despite its record total tax intake of $235,341,000,000 for the month of October, the federal government still ran a deficit of $63,214,000,000 for the month because it spent $298,555,000,000. Prior to this year, the largest federal tax haul in October came in fiscal 2017'
We do not have a tax [income] problem, we have a govt spending problem where, no matter how much they collect they still cannot stay within their means.