This eliminates all the federal hidden taxes in every product you buy. It also eliminates the recordkeeping burden on companies. Also fewer lawyers, accountants, bookkeepers etc are needed. Once these are eliminated the cost of goods should go down by more than the federal sales tax.95% of all lobbyists would bo out of a job since their job is to get groups special deals on their taxes.
Great, then we'd have another 100,000 out of work and be on the gov't dole. lol