The income tax is actually a 100% tax. It just needs to exchange a few hands before it's all in the government's hands.
IE at 30% income tax, at just 6 times people trying to exchange $100 back and forth, the government will have $88.24 of it.
The income tax is actually a 100% tax. It just needs to exchange a few hands before it's all in the government's hands.
IE at 30% income tax, at just 6 times people trying to exchange $100 back and forth, the government will have $88.24 of it.
(post is archived)