Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 1 month 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-square26fedilinkarrow-up138arrow-down18
arrow-up130arrow-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 · 1 month agomessage-square26fedilink
minus-squareRhynoplaz@lemmy.worldlinkfedilinkEnglisharrow-up19·1 month 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-up6·1 month 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-up26·1 month ago Mississippi is planning on doing something like that soon. I think “don’t do what Mississippi does” pretty much answers this question.
minus-squareover_clox@lemmy.worldlinkfedilinkEnglisharrow-up8·1 month agoI have to agree with you, our politicians aren’t exactly the sharpest eggs in the attic.
minus-squareBussyCat@lemmy.worldlinkfedilinkEnglisharrow-up3·1 month 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
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.
I have to agree with you, our politicians aren’t exactly the sharpest eggs in the attic.
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