Backboards: 
Posts: 161
In response to "here's one analysis I found -- (link)" by znufrii

It will never come into being if that helps.

It's basically a personal income tax exempting capital income (dividends, business profits, interest) and a business tax that is supposed to tax 25% of a firm's cash flow.

I'm not sure why you wouldn't just tax the firm's cash flow and disallow the deduction for wages. That way, people wouldn't have to file tax returns.

Businesses would literally bury any Congressperson that voted for this. It's as much of a quadricorn as the 23% Federal sales tax proposal.


Responses:
Post a message   top
Replies are disabled on threads older than 7 days.