Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 2 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-square11fedilinkarrow-up11arrow-down10
arrow-up11arrow-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 · 2 months agomessage-square11fedilink
minus-squareRhynoplaz@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months 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-up0·2 months 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-up0·2 months ago Mississippi is planning on doing something like that soon. I think “don’t do what Mississippi does” pretty much answers this question.
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.