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I think most people advocating for 0 income tax (corporate or personal) advocate replacing that tax with an increased sales tax instead. That way you don't hav
by awb 7y ago
I think most people advocating for 0 income tax (corporate or personal) advocate replacing that tax with an increased sales tax instead.
That way you don't have to mess with income reporting, deductions, loopholes, etc. Just pay a % of each transaction directly to the government. Credit card companies and banks could even automate this so it's completely transparent.
- dodobirdlord 7y agoMost people (that I know of at least) advocating for 0 corporate income tax would like to see it paired with eliminating the special tax rate for capital gains and rolling capital gains income into earned income.