How do you feel about replacing all national taxes and the IRS with a state-collected national sales tax?

Specifically, The FairTax, HR25/SR25. The privacy, the efficiency, the fairness of a flat sales tax vs. the time and detail of personal information disclosure to the IRS, the inefficient complications and loopholes, and graduated unfairness of our current tax system. Are there special provisions that you would... show more Specifically, The FairTax, HR25/SR25.
The privacy, the efficiency, the fairness of a flat sales tax vs. the time and detail of personal information disclosure to the IRS, the inefficient complications and loopholes, and graduated unfairness of our current tax system. Are there special provisions that you would add to the national sales tax (like a balanced budget, a direct spending connection, or receipt itemization of major components of the tax)?
Update: The capital gains tax, the gas tax, the phone taxes, etc. would all be removed under the "replacing all national taxes" phrase. I would expect the sales tax to cover all imports for a level international playing field. Obviously, ROTHs and IRAs would be freed from capital gains taxation when they... show more The capital gains tax, the gas tax, the phone taxes, etc. would all be removed under the "replacing all national taxes" phrase.

I would expect the sales tax to cover all imports for a level international playing field.

Obviously, ROTHs and IRAs would be freed from capital gains taxation when they are withdrawn (but the early withdrawal penalty would still apply of course).
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