2 ms·
> The bill proposes to abolish the Internal Revenue Service and eliminate the federal income tax. So far, so good. I can only hope this can be laughed out of t
by janalsncm 4y ago
> The bill proposes to abolish the Internal Revenue Service and eliminate the federal income tax. So far, so good.
I can only hope this can be laughed out of the Overton Window.
- mbg721 4y agoIt would be immediately replaced by a new federal agency, the Tariff Acquisition eXtractors.
- jleyank 4y agoDepending on how the exceptions are written, a big vat like tax will make things like house and car purchases way more expensive. Mucking about on the money markets will be hit as well. Unless it’s really aimed at taxing the lower and middle classes primarily. Unfortunately for them, the rich people have pretty much all of the money and those carrier battle groups cost big bucks.