LogFAQs > #892834856

2.Economy
Taxes All taxes (except for sin taxes) should be replaced by a single sales tax (or VAT). Completely eliminate the income tax, corporate tax, social security tax, etc. The sales tax rate should be automatically raised/lowered to cover the amount spent in the previous year, with an allowance for surplus/deficit depending on the state of the economy. This is the single most important issue in the manifesto. All other economic issues are rendered secondary with an automatically adjusted national sales tax system in place, as everyone pays sales taxes at an equal rate (as opposed to something like an income tax), so the burden of any additional spending is distributed equally.