2 ms·
> Are you really going to be happy if you pay less in taxes but make up for it by paying tariffs? FWIW, there are proponents of something called Fair Tax, whic
by silisili 2y ago
> Are you really going to be happy if you pay less in taxes but make up for it by paying tariffs?
FWIW, there are proponents of something called Fair Tax, which replaces income tax with a national sales tax. Either 25 or 30% IIRC. I never looked at it to determine if it was viable, but it seemed to have some level of support because I kept seeing it pop up.
From what I can tell, that isn't completely different to the idea of replacing income taxes with tariffs, I guess, except that it doesn't apply to US goods.