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Tax breaks for employed individuals is exactly what the EITC is. Assuming you stick with an income-based tax system, employment verification is effectively buil
by andrewfong 13y ago
Tax breaks for employed individuals is exactly what the EITC is. Assuming you stick with an income-based tax system, employment verification is effectively built in and requires little to no additional bureaucracy.
A national sales tax comes with its own set of bureaucracy. It's also regressive and shifts the tax burden disproportionately onto the poor (unless you made the sales tax wealth or income dependent, which would introduce the same bureaucracy you were trying to get rid of earlier).
I'm not sure a GBI would necessarily be good for entrepreneurship. I see your point, but having a runway disciplines young companies and forces them to get to market in a timely manner.