Coney_Croft on Nostr: I think the USA should take a hard look at a different tax scheme. Income, and ...

I think the USA should take a hard look at a different tax scheme. Income, and Capital Gains taxes have been gamed so badly, that the IRS is just a big mess. I think Consumption Tax, which exempts direct labor, property rental, and Charitable contributions, would be more straight forward and fair to all. You could abolish the IRS, and the cost of all that documentation and cost of chasing down tax evasion. And I mean no other taxation at the state levels either. No additional taxes from property tax, etc. A straight forward % across the board to fund the Fed, and state governments. Collection of this tax would be from point of purchase, and sent directly to one government department. That government department would redistribute the collected funds to Fed, state, and communities as necessary to fund their operations.