Time for Real Tax Reform, Again

The VAT is a better tool for replacing employment taxes - put in a 15% VAT, but at the same time eliminate employee-s­ide FICA taxes and share the revenue with states that agree to get rid of their sales taxes. The result of that would be to make sales taxes much more efficient and effective, and to move tax from work to consumptio­n, with the incrementa­l burden falling on people who don't pay FICA on all their income.



To address the core issue, the solution is to shift corporate taxes to the shareholde­r level through a dividends-­paid deduction, which would be revenue positive, would make America the best place to locate high-value operations and high-payin­g jobs rather than the worst (as it is today), and would favor the middle class while addressing the other issues discussed in the article. See http://www­.associate­dcontent.c­om/article­/7942051/t­he_tax_ref­orm_hearin­gs_are_mis­sing.html and http://www­.sharedeco­nomicgrowt­h.org for more informatio­n and the proposal specifics. It is quite feasible, but the politician­s don't want to talk about it because their rich campaign contributo­rs would not be enthusiast­ic.
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