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ELI5 What would happen short term if the US got rid of income taxes and went to a flat rate? What would be the long term outcome? (lemmy.world)
submitted 3 months ago by Patnou@lemmy.world to c/explainlikeimfive@lemmy.world
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[-] over_clox@lemmy.world 0 points 3 months ago

I think they mean getting rid of income tax, and putting a flat (higher) rate on sales tax.

Mississippi is planning on doing something like that soon.

[-] MegaUltraChicken@lemmy.world 2 points 3 months ago

Mississippi is planning on doing something like that soon.

I think "don't do what Mississippi does" pretty much answers this question.

this post was submitted on 31 Jan 2025
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