It will ban taxation on everything except what you earn no more triple taxes. So no taex on buying of goods . I will explain right now you get taxed on what you make you get taxed on what you spend, say you buy a house, you get text on the house, then you get taxed on owning the house and then you get text again on owning the property. It’s just one taxation after another. This band would abandoned all of that. It will only tax what you make. There will be no more federal taxation on property or ownership of possessions after the initial purchase. So if you bought the house, get text on it, but nothing after that. If you bought a car, you can get taxed on the car but nothing after that and no tax on groceries Or daily living expenses.