Explain Like I'm Five

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ELI5 What would happen short term if the US got rid of income taxes and went to a flat rate? What would be the long term outcome? (lemmy.world)

submitted 20 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 18 points 19 hours ago (1 children)

Are you getting rid of income tax, or changing the income tax system to a flat rate?

Because those are two different things.

[–] [email protected] 6 points 19 hours ago (1 children)

I think they mean getting rid of income tax, and putting a flat (higher) rate on sales tax.

Mississippi is planning on doing something like that soon.

[–] [email protected] 18 points 17 hours ago (2 children)

Mississippi is planning on doing something like that soon.

I think "don't do what Mississippi does" pretty much answers this question.

[–] [email protected] 3 points 14 hours ago

Washington state has also never had an income tax and uses sales tax but makes many essential items tax free to try and be less of a burden on the poor

[–] [email protected] 7 points 17 hours ago

I have to agree with you, our politicians aren't exactly the sharpest eggs in the attic.