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?
10% income tax for everyone. Collect all the money from everyone and give it to the bottom earners-creating a minimum income. Prove thru paycheck stubs that one has worked 40 hrs/wk to participate. Get rid of all programs. Corporate taxes(separate) to pay for defense ONLY.
[ 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? ]
If you ran an import/export business you could theoretically be quadruple taxed...
Your max would only be 10% though.
You could have a 2-2-2-4(income tax) and be taxed on the income from your business, 2% on your biz, 2% on a item you buy from china and 2% if you buy it from your own business.
SO being in the import/export biz would be one job that would be “worse” than others, but with the other taxes being low, business would be booming anyways.
But that is only in the worst case under this framework and probably a hell of a lot less than you are currently being taxed.
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?>>>> that is a description of a vat. national sales tax would be retail only