I’m a fan of the consumption tax method, mostly because we would end up spending less money on accountants, and you would get the IRS out of the hair of individuals because the burden of paying taxes would be on the businesses selling the goods.
We spend sooooo much time and money trying to figure out what our income was. It opens up loopholes and games and it has just gotten messier and messier and messier.
A consumption tax would put the accounting industry in upheaval. H&R Block would disappear. Can you imagine NOT having to file taxes each year?
