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H.R.25 – Repeal income tax and abolish the Internal Revenue Service

45 点作者 vyrotek4 个月前

12 条评论

CabSauce4 个月前
It shouldn&#x27;t really need to be mentioned at this point, but sales taxes are extremely regressive. The burden is shouldered by people with lower incomes.<p>Edit - source: <a href="https:&#x2F;&#x2F;taxfoundation.org&#x2F;taxedu&#x2F;glossary&#x2F;regressive-tax&#x2F;" rel="nofollow">https:&#x2F;&#x2F;taxfoundation.org&#x2F;taxedu&#x2F;glossary&#x2F;regressive-tax&#x2F;</a>
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legitster4 个月前
Currently, the top 50% of taxpayers pay 89% of all federal income taxes. And only about half of Americans pay income tax.<p>So doing some back of envelope math, that corresponds to maybe about a $200 tax savings for the <i>median citizen</i>. But an increase of about $600 on their purchases.<p>This is an extremely bad deal <i>even if you are moderately wealthy</i>. Income tax is not an ideal tax, but at least by its nature it&#x27;s leveraged on people with income. But a sales tax affects you even if you are retired. There is no strategic savings strategy you can use to avoid it.<p>There&#x27;s an irony that the last election was supposedly about inflation and the economy - but between this, the tariffs, and the (supposed) foreign policy agenda - we&#x27;re looking at one of the most expensive US administrations sessions ever.
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markhahn4 个月前
IOW &quot;burn it all down&quot;.<p>I never thought I&#x27;d see anarchists being called &quot;Republican&quot;.
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icsa4 个月前
There is precedent for no federal income tax in the United States.<p>Prior to the federal income tax (1913), all federal government expenses were covered by duties, tariffs, and levies.
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bloopernova4 个月前
I hope all these planned economic measures don&#x27;t cause another great depression.<p>Seems like a lot of economic Jenga blocks being removed, with potentially very bad consequences.
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cyberge994 个月前
Russia loves this for us.
slackfan4 个月前
Fantastic for climate.
92834092324 个月前
Abolishing income tax is secondary to the real goal of abolishing the IRS and handing more power to the oligarchy. Don&#x27;t get distracted.
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Twirrim4 个月前
Yet another attempt to shift tax burdens to the working class. Yay. (&#x2F;s if that wasn&#x27;t obvious)
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gigel824 个月前
It works for Somalia, I&#x27;m sure we can all strive to get to that level one day.
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gedpeck4 个月前
I sincerely hope this gets enacted. It would be great for states like California to stop subsidizing states like Louisiana.
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aurizon4 个月前
IRS = very crooked. Take gambling and lotteries. We know house = wins. Yet the IRS grabs huge % of lottery winnings, yet does not allow gamblers to deduct their ticket costs = a huge unearned windfall for the IRS. Here in Canada the CRA (functions like IRS) is fair, lotteries are not taxed and thus no deductions for tickets. Seems to be a relic of religious oppression - IHMO
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