What do you think would happen if income tax was abolished?

Question

thank you

Answer 1

Fire and brimstone coming down from the skies. Rivers and seas boiling. Forty years of darkness. Earthquakes, volcanoes... The dead rising from the grave. Human sacrifice, dogs and cats living together - mass hysteria.

Answer 2

you're suited on all counts, as properly the Fed does not enable it on condition that it'd desire to even however might desire to very own loan the federal government the money they had to function and then lose the extra money the tax payer will pay in. yet another way is to distinction the tax code and bypass to a flat tax around the board. If we had a flat tax fee at of 17 to 22% on all income devoid of a deductions, they might earn extra money than they do now, with the middle income persons wearing the load. The state did no longer have a state income tax whilst I lived there in the '80's and via utilising income and tourist tax simplest they had between the mandatory suited roads and colleges, hearth and police and reserves than yet another state, proving that a state does now no longer % the income tax. purely in the previous than I moved to Texas, I lived in Kentucky they in many situations had income tax and the equivalent income tax as Texas even however had between the mandatory lesser stored up roads and just about no reserves. This proves that an income tax is the lesser component of a income base.

Answer 3

Government would grind to a halt. The military would not be paid, fed, or brought home. Chaos would reign supreme and riots would break out in the streets.

Answer 4

You would pay some other kind of tax; probably more than you are paying now. Or were you expecting a free ride?

Answer 5

Not going to happen. But if it did, government services and operation would stop.