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You need to take into account all the simplification it would imply in tax collection / paperwork / regulations etc. The cost of our current ways of taxing weal

You need to take into account all the simplification it would imply in tax collection / paperwork / regulations etc. The cost of our current ways of taxing wealth and profits is huge

JimmyAustin 8y ago
In the US, the IRS collected $3.33 trillion in revenue in 2018, with a total budget of 11.5 billion (2017). Thats 0.3453%, or 35c per $100 of tax revenue. Fairly minor in the scheme of things.
- ttoinou 8y ago
  Monetary costs are a small subset of general costs (and the cheapest ones, easier to know and aggregate).
- jpadkins 8y ago
  that's only one side of the ledger (collection). Now calculate the costs to the taxpayers (people and corps).