Re: What if Corporate Income Taxes Were Zero?
Posted: Sat Nov 14, 2015 8:53 pm
That only applies to earned income. Retirees and others would be shit out of luck paying that extremely regressive 17% sales tax. What do you do when you can't afford to buy cat food to eat because of the 17% sales tax?WiseOne wrote: The second tax regime already exists: the earned income tax credit. You wouldn't have to add any new type of tax.
The flat tax on a postcard return is a much better solution.
Eliminating the payrolll tax would be good too.