The United States Should Replace Income Tax

1448 Words Dec 4th, 2015 6 Pages
For most Americans dreading Tax time is something we all have in common. We spend many hours focusing on filling out forms while trying to decipher the instructions and tax regulations. While completing these forms and submitting them to the IRS we all become fully aware of just how much money we are actually putting into federal funds each year. This amplified awareness as you may assume has caused a flood of suggestions on how to improve the way our government should collect funds. This begins our discussion on whether the United States should replace Income Tax with a Sales Tax. In the year 2003, we were introduced to a new proposal for replacing income tax with sales tax, called the Fair Tax Act. This act was introduced by a group known to us as, Americans for Fair Taxation who suggested to replace income tax system with a national sales tax. As stated by the act, it is aimed, “ To promote freedom, fairness and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states” (Fair Tax Act, 2003). The key idea for the Fair Tax Act of 2003, is the idea to exchange income tax with a sales tax, is not a new one. The proposal called for three areas of the tax code to be withdrawn in favor of a 23% national sales tax. However, before I personally express my opinion on the issue at hand it is important to weigh out the pros and cons of this idea. In order…
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