What do you think of these tax brackets? (user search)
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  What do you think of these tax brackets? (search mode)
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Author Topic: What do you think of these tax brackets?  (Read 2192 times)
McNukes™ #NYCMMWasAHero
Nuke
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Posts: 854
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« on: September 24, 2019, 06:51:34 PM »

Income and capital gains should not be taxed at all.
US is more reliant on income tax than any other developed country.  Over 50% of federal budget comes from income taxes, while in most European countries typically only 25-30%.  That being said I figured if US implemented a 25% VAT they could scrap all income taxes, but that would probably be political suicide.
The FairTax movement definitely supports this. It isn't exactly viewed as political suicide but it was mostly a 90s movement, although it got a bump with the Tea Party.
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