Tax the rate of pay, rather than total income
Currently, we discourage people from working more hours – why? We should be encouraging people to work as much as they like. Taxing the rate and not the income would solve this right away.
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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.
Consumption tax is what they are calling sales tax now, sounds better right?
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.