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Another way to go is get rid of income tax altogether and replace with a national sales tax. Nice thing about that is that you can exempt essential things like
by shawkinaw 11y ago
Another way to go is get rid of income tax altogether and replace with a national sales tax. Nice thing about that is that you can exempt essential things like unprepared food. That way the effective tax rate is much lower if you're a low earner, since most of your money will be spent on essentials.
No more IRS is another bonus, and since most states already have a sales tax the infrastructure is already there.
- 3pt14159 11y agoOh I'm all about not having income / corporate taxes. But working within the framework that we're discussing, I think my proposal is more effective. I think taxes are best done on land / resource usage, since it minimizes privacy, but a sales tax would be way better than income / corporate taxes.
- jrs235 11y agoEliminate the choosing of winners and losers (which items are exempted) by having pre-bates that cover the sales tax amount that we decide is the "poverty limit". Then we all only have one thing to decide: what is the poverty limit.
- fiblye 11y agoThen the wealthy make all of their big purchases outside the country and import them in. If the country starts taxing purchases made outside the country, then those purchases become "gifts from a good friend." There's also the fact that the ultra rich get unbelievably rich because they spend only small fractions of their income, meaning the rich would be paying pretty much nothing in taxes ever.