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>> Simplified taxes does not have to mean lower taxes. You're conflating 2 issues. When did I suggest lower taxes? I suggested sales tax increase which would o

• supernova87a 3y ago
  You're implicitly implying that sales taxes would be lower than an income tax. Which they would not be (for most taxpayers), in order to raise the same amount of revenue.
• pixl97 3y ago
  Sales taxes are generally regressive. If you're poor you're paying a high percentage of your income on this sales tax. If you're not poor a much smaller percentage will be towards sales tax.
  • landemva 3y ago
    >> of your income Rich people have investments and that is not income for tax purposes if it is correctly set up. For many rich, they have escaped from W2 taxes on income. "Income" according to the personal income tax code of IRS. Poor working people, and middle class, have IRS income. The rich have investments and trusts and LLCs and loopholes.
    • butlerm 3y ago
      LLCs cannot be used to avoid income taxes. The income from an LLC passes through directly to the tax returns of the owners, where taxes on it are due and payable. Same with trusts and trust beneficiaries. Capital gains on investments are taxable as well, although some people can defer paying capital gains taxes simply by not selling until they need to. That does not avoid taxes, but rather defer them until later. If anything "the rich" are subject to additional taxes, notably estate taxes. Irrevocable trusts can be used to reduce estate taxes, but do not reduce income taxes except by having a different person (the trust beneficiary) pay taxes on trust income.