"In the 118th Congress, H.R. 25 would implement a NST. This proposal would replace the current federal income, payroll, and estate and gift tax system with a 23% tax-inclusive sales tax rate in 2025 (30% tax-exclusive rate), with adjustments to the rate moving forward."
Hopefully there will be exemptions for things like medical bills, mortgages or rent, and student or federal loan repayments, although if they were added to student loans in lieu of interest I would be okay with that as that would limit the maximum amount of repayment required.
I mean then you're at "everything exemption" pretty quickly. Shelter is the biggest cost for many people by far, often 30% or more. If you add all health, car payments, and maybe food, you're at what, 80%?
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