1
FROM AN INDIVIDUAL
SUBMITTED BY:
ROLLIN L. WINSLOW
2152 CUESTA DRIVE
MILPITAS CA 95035
408-262-0191
rlwbahai@aol.com
SUGGESTION:
REPLACE PRESENT TAX CODE WITH A NATIONAL SALES TAX
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INDIVIDUAL
ROLLIN L. WINSLOW
2152 CUESTA DRIVE
MILPITAS CA 95035
408-262-0191
REPLACE THE PRESENT INCOME TAX CODE
WITH A NATIONAL SALES TAX
Keep the sales tax rates low by boarding the base.
Tax most purchases.
Tax real estates purchases.
Tax the purchase of equities at the stock exchanges or else where.
Protect low income households and senior citizens
Do not tax food.
Do not tax children’s clothing.
Do not tax automobiles that are environmentally friendly.
Do not tax prescription drugs.
Do not tax purchase of stock with retirement account funds.
Avoid a shock to our economic structure
Faze in over 10 years or more.
Leave the present income tax code in place while the income tax rates are
decreased annually as sales tax rates are increased annually.
This will allow adjustments of sales tax rates to keep Federal revenues stable.
Advantages
No tax cheating, fair to all
Everyone: foreigners, drug dealers, very wealthy all pay as they consume.
Illegal activities are taxed when they spend the money.
This will encourage people to be honest.
Economic positives
Savers are not punished (not taxed).
Savings rate improves.
Less reliance on Social Security.
Producing income is encouraged, encouraging increased production.
The market for some goods is improved because sellers do not delay sales
(like real estate) for income tax purposes.
The many human resources that are now used by accounting firms and
legal firms producing nothing but tax forms, will be released to produce
goods and services that are useful.
Lower business costs will make American industry more competitive
world wide.
3
INDIVIDUAL
ROLLIN L. WINSLOW
2152 CUESTA DRIVE
MILPITAS CA 95035
408-262-0191
Federal costs are reduced
The cost of the IRS is reduced tremendously.
Let the states who already collect sales tax, collect it for the Federal
Government.
The tax courts can be virtually eliminated.
Business and individuals gain
The very large amount of time, energy and expense spent by individuals
and businesses minimizing income tax and filing tax returns can be
eliminated. Saving money by lowering costs.