The recent poll about people’s opinion on replacing the income tax with a national retail sales tax has a rather surprising result. Only 49% were at least somewhat confident that a national sales tax would help reduce illegal tax evasion while 36% didn’t think it would help much if at all. That’s rather amazing given the fundamental differences in how a sales tax is collected vs. the income tax.
To that end, the FAIRtax Guys revisit the study done by CPA Jade Walle in September of 2020 that concluded that switching from the income tax to the FAIRtax would reduce illegal evasion by 95%.