1amathrowaway

For reference

This is the most interesting AMA I've ever read that I didn't think would be interesting.

Who knew?

https://www.bloomberg.com/view/articles/2012-05-02/value-added-tax-would-raise-tons-for-u-s-coffers

A 10 percent VAT with a relatively broad base could raise $750 billion a year

Think tanks give a proportional amount for half that

Toder and Rosenberg (2010) estimated that the United States could have raised gross revenue of $356 billion in 2012 through a 5 percent VAT applied to a broad base that included all consumption except spending on education, Medicaid and Medicare, charitable organizations, and state and local government—capturing about 80 percent of consumption.

http://www.taxpolicycenter.org/briefing-book/what-would-rate-be-under-vat

Amen to that

Think tanks give a proportional amount for half that