GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
There is no reason to tax the people & print money.
Make politicians accountable by cutting off the supply.
And what would this mean for theaverage Americans paycheck?
Tax experts weigh in.
What Is a Consumption Tax?
Its form over function, but at the end of the day you are still paying taxes.
Is it Possible?
We are a consumer based economy.
A flat tax encourages saving, he explained.
Who Would Pay More Taxes?
Low-income taxpayers would pay more, Brewer wrote.
There is no doubt about that point.
Every dollar they spend would be subject to a flat tax.
High earners would pay less tax overall.
How This Would Impact the Average Americans Paycheck
Tax is still tax.
While Americans take-home pay may increase, many of the items they purchase with that money will be taxed.
On the other hand, it could remove certain tax benefits.
More From GOBankingRates
Share This Article: