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Turns out, that's not even what's happening. In the 1950s, the citizens paid 50% of the treasury revenues. Business paid 25% and excise taxes covered the ot
by akira2501 3y ago
Turns out, that's not even what's happening.
In the 1950s, the citizens paid 50% of the treasury revenues. Business paid 25% and excise taxes covered the other 25%.
Today, the citizens pay 85% of the treasury revenues. Business pays 7% and excise taxes cover the other 7%.
They're not trying to "get rid of taxes" they're "massively shifting the burden onto the individual."
This, by the way, isn't a republican vs. democrat problem. This is easily observable by noticing how both parties do the same things once they have "power." There is no real difference between the "parties" on this one.
- ethbr1 3y agoThat's also an international issue, driven by a race to the bottom (cough Ireland et al). Thankfully, some progress was made on internationally agreeing to 15% as a floor, coming into effect this year. https://www.forbes.com/sites/katharinabuchholz/2024/01/05/where-corporate-taxes-are-set-to-rise-for-multinationals-infographic/?sh=23a4aebbab55 https://www.forbes.com/sites/katharinabuchholz/2024/01/05/wh...
- angra_mainyu 3y agoI will never for the life of me understand why people insist on a progressive tax structure, not only is it unfair, but it disincentivizes seeking higher wages and incentivizes seeking tax-optimization structures. A flat tax with a tax-free base seems like the fairest, simplest, and most effective way of implementing a tax system (Estonia has been an extremely pleasant experience so far). I am aware this is also a "progressive" tax of sorts, but a much saner one. In fact, we all seem to agree that taxes work as a disincentive and we levy tax on the stuff we want people to do less of, but when it comes to wages and business we close our eyes and flail blindly saying "WE NEED MORE TAXES".