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Only for those so poor that they aren't really paying any taxes. It's been estimated that if there were a flat tax that it would only need to be 10% of all cor
by nanomonkey 5y ago
Only for those so poor that they aren't really paying any taxes. It's been estimated that if there were a flat tax that it would only need to be 10% of all corporate and personal income to be effective. Most working class folks pay well over that in the US.
- 0xcde4c3db 5y agoI think "all corporate income" is doing some heavy lifting in that description. It would be a hell of a trick to pass a bill that made business expenses taxable.
- hattmall 5y agoExpenses aren't income... But a VAT is basically a tax on business revenue.