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Originally Posted by JFryauff
The simple solution is a VAT tax...paid on everything, similar to EUropean VAT. Then we could do away with the IRS, more easily fund infrstructure, and you pay as you go. What you buy, etc...everyone pays their equitable share, both in the payroll and purchases.
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I've heard of this legislation - seems like a poor decision for the people (perhaps beneficial to the oil companies).
I'm unclear what the VAT tax is? Since I'm too lazy to search I figured you could summarize it quickly for my easy consumption.