Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 22 hours agoELI5 What would happen short term if the US got rid of income taxes and went to a flat rate? What would be the long term outcome?message-squaremessage-square17fedilinkarrow-up134arrow-down18
arrow-up126arrow-down1message-squareELI5 What would happen short term if the US got rid of income taxes and went to a flat rate? What would be the long term outcome?Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 22 hours agomessage-square17fedilink
minus-squareRhynoplaz@lemmy.worldlinkfedilinkEnglisharrow-up19·22 hours agoAre you getting rid of income tax, or changing the income tax system to a flat rate? Because those are two different things.
minus-squareover_clox@lemmy.worldlinkfedilinkEnglisharrow-up6·22 hours agoI think they mean getting rid of income tax, and putting a flat (higher) rate on sales tax. Mississippi is planning on doing something like that soon.
minus-squareMegaUltraChicken@lemmy.worldlinkfedilinkEnglisharrow-up18·20 hours ago Mississippi is planning on doing something like that soon. I think “don’t do what Mississippi does” pretty much answers this question.
minus-squareBussyCat@lemmy.worldlinkfedilinkEnglisharrow-up3·16 hours agoWashington state has also never had an income tax and uses sales tax but makes many essential items tax free to try and be less of a burden on the poor
minus-squareover_clox@lemmy.worldlinkfedilinkEnglisharrow-up7·20 hours agoI have to agree with you, our politicians aren’t exactly the sharpest eggs in the attic.
Are you getting rid of income tax, or changing the income tax system to a flat rate?
Because those are two different things.
I think they mean getting rid of income tax, and putting a flat (higher) rate on sales tax.
Mississippi is planning on doing something like that soon.
I think “don’t do what Mississippi does” pretty much answers this question.
Washington state has also never had an income tax and uses sales tax but makes many essential items tax free to try and be less of a burden on the poor
I have to agree with you, our politicians aren’t exactly the sharpest eggs in the attic.