Name some alternatives for the Federal Income Tax if it were ever repealed
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  Name some alternatives for the Federal Income Tax if it were ever repealed
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Author Topic: Name some alternatives for the Federal Income Tax if it were ever repealed  (Read 394 times)
Thomas
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« on: February 21, 2018, 04:38:22 PM »

A National sales tax, a flat tax or etc
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All Along The Watchtower
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« Reply #1 on: February 21, 2018, 04:38:43 PM »

Seizing the means of production.
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Blue3
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« Reply #2 on: February 21, 2018, 06:40:55 PM »

Income tax is the best tax.
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CrabCake
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« Reply #3 on: February 21, 2018, 07:32:44 PM »

err, a flat tax is an income tax.

- Land Value Tax, which was proposed by Henry George and Thomas Paine

- Walth tax, which unfortunatley provokes capital flight unless it is applied globally or you have other regulations

- Tariffs, which are seen as old hat nowadays, so could only feasibly return if America went into an extremely auatarkic route.

- a GST, which would be inflationary and potentially recessive, but has its fans

- government owned companies collecting revenue. Also seen as rather old-fashioned, but it does mean a lot of socialist countries don't have high taxes.

- related to above "the withering of the state" to quote Groucho Karl Marx

- user fees/tolls/fines. recessive, but one might think a system where people pay for every service they require is the most fair. Note: not applicable to many government functions like regulators and the military.

- plunder - "why didn't we take Iraq's oil? - D.J. Trump

- philanthropy - governments just ask rich people for enough money to function, and hope their wallets open

- accounting tricks - do some sort of South Seas Company style shenanigans. Downside is it may (will!) blow up in your face.

- poll tax. Tax everybody in the country the same amount. Notably destroyed the government of Thatcher, so is not a remotely good idea
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