americanbands

Greg Mankiw: Swap the Payroll Tax for a Gas Tax

What will work much more efficiently is a consumption tax..
In Europe they have the Value added tax ( VAT - 18%)
Canada has the goods and services tax (GST - 5%)

These consumer taxes, have added Billion $$ to the tax revenue coffers.
The Tax can be collected by the states, as they already collect state taxes, and the state will submit them to the feds.

System is basically already in most states in place ..

HO!