... an item costs say 100 dollars. We have 10% GST, so $10 is charged in tax. To a person earning 100K a year, that's 0.01% of their income. To a person earning 30K a year, it's 0.033% of their income.
James.
Originally Posted by ProfessorChaos!
Not exactly...
...
Some additional benefits of a national sales tax include that by removing the disincentives to produce, our economy would go into overdrive. It also would tax everyone equally. Which is why we will never see it happen. ....
Perhaps I'm wrong about what you mean by a flat national sales tax. But if it is anything like ours, can you explain, in light of my previous post (quoted), how it "would tax everyone equally"?