I believe an income tax should be the only tax, since it covers any and all economic transactions, and it's the only progressive tax. - There's only a single l

I believe an income tax should be the only tax, since it covers any and all economic transactions, and it's the only progressive tax. - There's only a single loophole: People who use their business to pay for personal expenses. They are easy to catch, and the simplicity of the tax scheme allows collectors to focus on this one loophole. - It's simple to collect: Ask all the banks for everyone's statement, and apply a percentage to their calendar year's income. You could even deduct tax when people deposit money. - It's simple to forecast and calculate: Everyone knows how much tax they owe, and knows how much tax they will owe. - It's progressive: The more people make the more they pay. Property tax, sales tax, gas tax, etc. all disproportionately affect people with less money.