> We could say there are no deductions, ever. Every dollar earned is taxable. That's a brilliant way to create a recession and also to destroy competition. It

> We could say there are no deductions, ever. Every dollar earned is taxable. That's a brilliant way to create a recession and also to destroy competition. It would create a giant, massive subsidy to large corporations and heavily incentivize vertical integration. By taxing revenue at every stage, every company would scramble to move transactions out of the market (via mergers and acquisitions). You'd also likely drive every small business in America out of business. It also doesn't make any sense. Why should they local grocery store which made $10k profit on $10M in gross revenue pay way more taxes than a software company which made $450k profit on $1m in revenue?