@AceLuby You've stated that in numerous posts here. If suddenly every consumer dollar was taxed, which is far from the idea right now, why would that be a fantasy figure? That would bring in far more tax dollars than available now and everyone would have an idea of what business they were going to conduct- as opposed to crossing their fingers and hoping it all works out.
@justapirate I'm confused now because you're talking about taxing consumer dollars which is a sales tax, not a flat tax. If you're talking every dollar of INCOME (which is what a flat tax is) it has to cover income taxes, FICA, the employer contribution to FICA, and corporate taxes. To get that you'll have to have a rate of at least 18% w/ no deductions. As soon as you start carving out deductions and adding corporate taxes it no longer falls under a true flat tax.
@AceLuby Eh, maybe my opinions should be stated clearer. Yeah, I'd go with a sales tax. On everyone and everything, at the consumer level. That would include even companies buying machinery and equipment. Anything that is a 'final sale', so to speak. To me, that is how you would collect a flat tax- a set percentage at a set 'final' purchase.
@justapirate 10% is fantasy... You'd need at least 18% to come even close to getting enough tax receipts, probably more in the 20-25% range due to all the new black markets opening up to skirt taxes. How much would people buy knowing they have to pay an extra 25%? How many would stop going out? Not buy that new TV? Not get that new car? People would only buy necessities and the lack of consumer spending would mean massive job losses.