Subject: Tax Reform Comment: 1) Replace the current payroll taxes used for Medicare and SS DI (Disability) with a National Sales Tax or VAT. 2) Lower the SS OASI tax from 10.6% to 10% and make it apply to all income. 3) Allow rebates to low income individuals for VAT or Sales Tax via the personal income tax returns. This would lower the cost of labor, enhance job growth, tax consumption and increase savings. It would also make the Social Security System solvent. |