Should the federal government repeal the personal income tax and replace it with a national sales tax?

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In recent years, much has been written about whether the federal government should abolish the personal income tax or replace it by a national sales and use tax. Supporters of such a policy argue that abolishing income taxes would allow individuals to have more money to spend, which in turn could boost economic growth and increase job creation. The supporters of the policy also point out that most purchases are already subject to state and local taxes; additional items would only require additional sales tax.

On the other side, opponents argue that this move would disproportionately impact lower income households because they rely on their paychecks and don’t have other resources of wealth/savings. Implementing this system will require the complete restructuring of current structures in the Internal Revenue Service, (IRS), which may prove expensive and time-consuming. Further research on the issue is necessary. Each side has valid arguments that must be considered in order to make important decisions about our tax policies.

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