Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 3 months 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-square28fedilinkarrow-up138
arrow-up138message-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 · 3 months agomessage-square28fedilink
minus-squarevvilld@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoThe rich also have a hell of a lot more to tax. They SHOULD be paying a higher percentage of their wealth in taxes because they’ve gotten a much greater benefit out of the services those taxes pay for than a poor person.
The rich also have a hell of a lot more to tax. They SHOULD be paying a higher percentage of their wealth in taxes because they’ve gotten a much greater benefit out of the services those taxes pay for than a poor person.