Finally, something Bush wants to do that I agree with. If you take a step back for a split second and think about this it makes so much sense. Eliminate the IRS and replace it with a national sales tax.
All of a sudden, the problem of what future generations owe in Social Security and Medicare wont be so daunting anymore. The answer is to grow the economy, and the key to doing that is making sure we have a tax system that attracts capital and builds incentives to keep it here instead of forcing it out to other nations.
Imagine if you make $40,000 a year. The IRS takes 30% of that. The sales tax would probably be proportional maybe even a little less (since the IRS wouldn’t be sucking up funds to run itself). But what makes this great is that I don’t have to ever fill out another 1040-ES ever again. And that, my friends, is reason to rejoice.