That sounds pretty regressive. A massive tax burdon on a low income family so that high earners don't have to file income taxes.
Fuel and food, no tax.
School supplies, shoes, clothing, any item under $100, no tax. Over $100, ramp it up.
Diamond rings, 100% tax.
Alcohol and cigarettes, 20-30%.
Used cars, no tax.
New cars, 10% up to 100%. Credits if they're electric or extremely fuel-efficient.
Playstations, high end sneakers, Smart TVs, iPhones, rims, jewelry, expensive furnishings, rugs, anything better than your basic washer/drier: 100% tax.
Books: Free and subsidized by the government, as many as you want, any book ever written.
Healthcare: Free.
College: Free.
Basically under my plan, as long as you get stuff you need for your family, you pay no tax. If you get stuff you want for your pleasure, you pay tax on it.
How's that regressive?
The only real downside I see is the potential for a massive black market in luxury goods, tobacco and alcohol. But legalizing and taxing pot and prostitution should take some of the sting out of that.
I consider myself pretty high income. If I was just taxed on consumption, I would bet I'd pay probably half as much tax as I do now.
Low earners drive some shit cars, while you and me can (probably) afford a brand new Audi. How is that fair? /s
>>Which you and I could easily afford.
That's the key part here. You tax those who can afford it the most.