Quote:
Originally posted by Timber Loftis:
The frightful rub is that a VAT would likely SUPPLEMENT, not SUPPLANT, the income tax. 
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I am all for supplanting some of the income tax base and shifting aways from an "earner pays" to a "user pays" basis. One of the things that stifles success is prohibitive upper tax ranges on people trying to break into the upper income brackets. It also generates a massive industry in tax avoidace accounting. The good thing about a broad based consumption tax should be less fraud and less fraud industry.
But if the tax is supplementing income tax - well that sux big time