![]() |
|
| *Loan,banking and credit>>>income tax |
Would civilization continue and would the USA even exist if there were no income taxes? |
The income tax wasn't adopted until 1913 with the ratification of the 16th Amendment: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." Before that, the USA somehow managed to grow to be a world power. What if the income tax were repealed and people got to actually keep ALL the money they earned. Would the economy collapse, anarchy reign, civilization be destroyed? Or would things actually get better for most people, except the politicians who have become addicted to our money? Income tax is only required to feed the massive bloated federal welfare-military-industrial complex. Drop 80% of federal programs, or even 50%, and you could drop income tax entirely. put a retail sales tax in place to make it up. The world would be a better place!!!! You make it sound like the politicians are taking our tax money and putting it their own pockets. A completely free-market economy with no income redistribution would be the end of this country. It would rapidly descend into a landed aristocracy followed closely by an armed rebellion. politicians would find something to tax. but that is a good point and a good question. Yes. Taxes would be levied at some other point - possibly on all sales, for instance - that might be more regressive or less efficient, but it would probably be workable. There were taxes before the 16th amendment. And it's not only the politicians that wouldn't have government money any more. Think about it - no more social security, welfare, or federal subsidies for roads, schools.... and tons of other things. And any national defense - forget it, any country could just march in and take over, since there wouldn't be anyone to fight them off. And that's just a very short list of all the things that wouldn't be funded any more. |
| Tags |
| tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax |
SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR For personal non-commercial use only. |