How much profit does the government receive from income tax, and how much would they receive in the most optimistic scenario from tariffs ??
I can give you a hint: much less than half
The numbers are clear. The issue is welfare give to people that do not have any right to receive it.
Discussion
When they will cut the income tax, people will have much more money and most will not need any more help so the government will go back to its function of basic things deflating to a point where it will need way less money. And people finally will be happy
Clearly, you aren't aware of the numbers and the gaps we are talking about, even ignoring the negative effects of other economic policies... good luck
I am quite good at math. CEO of three companies in two continents. You can bet I know something. Rich people do not pay income tax and money given to the government is lost and not for people benefit. Working is not a sin or a crime and should not be punished with any tax. Bureaucrats that do not produce wealth must be removed and forced to repay to the community. Productive people should be in charge and regulators should be enslaved.
I'm going to ignore the appeal to authority at the beginning; besides, we're not talking about moral judgments (they can be inferred from my previously cited post)... look at the numbers, look at the deficit, and start cutting to see how far you can go without destabilizing the economy and get closer to what you say... that's all I have to say
Yes I look at that. The income tax system is a failure. All the countries that has that are in deficit. It is just not working at all. The growth of an economy is proportional to the absence of regulation. Government should not be allowed to handle money except from military and some very basic services. They do not produce money so they are not supposed to handle it. I moved to a new country. When I went here the state was almost absent. Life was happy. Now they are starting to waste money here too and taxes increase. Regulation on companies increase and I will soon move somewhere else. I produce money and wealth, not them
Tnx...I know well hot to pay not so much. The world is big.
huh?
The same people that made us pay taxes created loopholes to avoid it. When you use them they do not even say a word. They just want that stuff to never go public.
i dont think we are talking about the same aspect or angle here...
you didnt watch the video?
cuz its clear from that video it isnt a matter of loopholes at all.
watch the vid ffs.