3 ms·
There are plenty of states with 0 income taxes. Plus, the article mentions benefits that are orthogonal to tax revenue, like more efficient resource allocation.
by reducesuffering 5y ago
There are plenty of states with 0 income taxes. Plus, the article mentions benefits that are orthogonal to tax revenue, like more efficient resource allocation. A trial run at the state level could be a 0 income tax state keeping their tax revenues equal by substituting property tax with LVT. Building structures will be taxed less and the land underneath taxed more.