Everyday we pay sales tax, value added tax (VAT) when we buy food and products. We pay tax on factory sales, custom duty, toll tax which are added to final selling price. Indirectly we pay many taxes. The more a person consumes the more tax the person pays indirectly. Why should we pay tax on personal income (personal tax)? I am saying that there should be consumption tax only. No personal tax. Consumption tax = Sales tax + value added tax (VAT) + factory sales tax + custom duty + toll tax This will reduced excess and wasteful consumption since the more a person consumes the more consumption tax the person will pay. Income and private property are good things and are essential to a free society, therefore it makes no sense what so ever to tax those two items. A sales tax and user tax is the way to go. It's fair because you only pay a tax if you choice to buy an item or freely spend your own money. No taxes means no army. Somebody will build a strong army and attack the country. Tax evasion or tax cheating will be eliminated completely when there is consumption tax only since everybody will pay tax immediately when they buy goods and services. I think Charted accountants (CA) are responsible for majority of tax evasion because they give suggestions to minimize and hide taxes and CA certifies the financial statements and accounts. No need for certifying your income from Charted accountants (CA) when there is consumption tax only. Tax on profit from silver, gold and other investments, property tax gets included in consumption tax. No need for any other tax. If a billionaire earns $5 Billion in a year, why should he pay 30% tax or $1.5 billion tax for that year. Understandably he will not spend $1.5 Billion in a year. If he is speanding $500 million in a year he should pay consumption tax for $500 million. Every person, every business, every entity pays taxes at exactly the same rate. A consumption tax with no exemptions, no exception. Plus the people that consume more (the corporations) are kept in check. This would also reduce hatred over taxes. The envy factor is reduced. and most importantly EVERYONE poor, middle, and rich pay taxes into the system. I am saying why should we (rich and poor) pay tax twice. Indirect tax and direct tax. Indirect tax = Sales tax + value added tax (VAT) + factory sales tax + custom duty + toll tax Direct tax = Personal income tax. Just pay consumption tax as per your consumption. People who are paid less or meager salaries they should be paid 3 times more salaries and..... people who are paid high salaries their salaries should be reduced by 50% because these high paid professionals such as CEO, managers, MBA, CA and others are responsible for present never ending financial crisis. So consumption tax will benefit everybody. If world leaders would have thought of "consumption tax only" 100 years back, then today world resources would not have been in serious trouble and world money would not have been exhausted/finished due to tax evasion and cheating (one of the main reasons). If a billionaire earns $1 billion then he is risking $10 billion as investment. If his decisions go wrong he will be bankrupt. A "job person" does not invest any money so his investment risk is 0. Majority of Tax evasion is from rich people. Tax evasion or tax cheating will be eliminated completely when there is consumption tax only since everybody will pay tax immediately when they buy goods and services.