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Could income tax be replaced by a consumption-based sales tax?

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Author's Note: Could income tax be replaced by a consumption-based sales tax?

I don't think it's a risk to my journalistic integrity to admit that I hate taxes. As much as I dislike paying them, preparing and filing them is even worse. The idea of abolishing the current confusing, labor-intensive system is appealing to me.

That said, the Fair Tax seems too simplistic to be a workable plan. I can't help but envision a future filled with marketplaces where tax pirates sell shoddy goods (kind of like a swap meet on planet Tatooine in "Star Wars").

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Sources

  • Bartlett, Bruce. "Is the Fair Tax Herman Cain's Ace in the Hole?" The New York Times. May 24, 2011. (Dec. 15, 2014) http://economix.blogs.nytimes.com/2011/05/24/is-the-fair-tax-herman-cains-ace-in-the-hole/
  • Bartlett, Bruce. "Statement Before the Committee on Ways and Means." U.S. House of Representatives. July 26, 2011. (Dec. 15, 2014) http://waysandmeans.house.gov/uploadedfiles/bartlett_testimony.pdf
  • CCH. "Fact Sheet: 100-Year Tax History: The Length and Legacy of Tax Law." 2013. (Dec. 15, 2014) http://www.cch.com/wbot2013/factsheet.pdf
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  • Gates, Bill. "Why Inequality Matters." LinkedIn.com. Oct. 15, 2014. (Dec. 15, 2014) https://www.linkedin.com/pulse/20141015002149-251749025-why-inequality-matters
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  • Viard, Alan D. "Replace the Income Tax with a Progressive Consumption Tax." The New York Times. Jan. 23, 2013. (Dec. 10, 2014) http://www.nytimes.com/roomfordebate/2013/01/23/what-should-tax-reform-in-the-united-states-do/replace-the-income-tax-with-a-progressive-consumption-tax

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