Nice idea. Obviously the control is the 10%. I don’t like income tax because it has evolved into a wage. Tax in the end if you’re government is lawless you pretty much just suck it up.
I assume businesses would also be exposed to the national sales tax. Wouldn’t levying a business tax on top of that be double taxation?
[ Nice idea. Obviously the control is the 10%. I don’t like income tax because it has evolved into a wage. Tax in the end if you’re government is lawless you pretty much just suck it up. ]
I figure that we give the congress a job finding out what the optimal percentages are for maximum income for the government, I figure it would take them a few thousand years to try to figure that out. It would be like handing congress one of those brain teaser puzzles.
And the best part is that the maximum impact on our economy is limited to 10% MAX.
Sure they can carve out exceptions, but they can only carve one out per category and that is it.
We could carve out a 0% Tariff for countries like Canada and Poland, while having a 2% Tariff on all the others, but it would be only one exception, the other countries out there would WANT to get into that exception by treating us well.
We could carve out a 0% exception for low income individuals.
We could have a National Sales tax of 3% for items more than $500,000, by spluittting the National Sales Tax of 3% into [ 0% and 3% ]
so it has a LOT of flexibility, but it is limited to total percentage of 10%
The only exception being a constant and super-majority declared State of WAR! And then it only DOUBLES and if the War is not renewed by same criteria on a yearly basis it goes away.