Tax the rate of pay, rather than total income

3 Comments

1. 

   HADRIAN ION on November 4, 2020 at 4:57 pm

   1

   Idea: Tax the rate of pay, rather than total income

   Link: https://www.youtube.com/watch?v=43ZK1R-jqA...

   But wouldn’t business owners just pay themselves a low rate to dodge tax? It may create more loopholes than already exist. Don’t think it could work.

   How To Dodge Tax In The UK...Legally - Tax Avoidance Is Your Duty

   Link: https://www.youtube.com/watch?v=

   Reply
2. 

   Mike on November 4, 2020 at 5:54 am

   1

   Idea: Tax the rate of pay, rather than total income

   Link: https://money.howstuffworks.com/personal-f...

   Consumption tax is what they are calling sales tax now, sounds better right?

   Could income tax be replaced by a consumption-based sales tax?

   Link: https://money.howstuffworks.com/

   Sometimes called the Fair Tax, a consumption-based tax is often touted as the answer to the country's tax problems. But could it work?

   Reply
3. 

   RudeJude on November 4, 2020 at 2:51 am

   1

   Idea: Tax the rate of pay, rather than total income

   Link: https://www.theatlantic.com/business/archi...

   Didn’t think of that, but the old idea of ditching income tax has its merits too. After all, it’s not a crime to make money, just to spend it.

   The Best Fix for Our Tax System? Replace Income Taxes With Sales Taxes

   Link: https://www.theatlantic.com/busi

   It would mean less work, less cheating, and a lighter carbon footprint. It would even be an offshore-resistant job creator.

   Reply