That could work. One thing that would have to go, and I don’t know if it would, would be the EIC. That’s nothing more than IRS welfare. If the po’ folk ain’t gonna pay taxes on income, we at least need to make sure that we don’t pay them for being poor.
Nice commentary, by the way. I feel honored that you took the time to write it. Thanks.
Backatcha. Thank you for the good discussion.
I do think the EITC goes away under 999 because all deductions except the charitable deduction get axed.
The only other scenario I see for the EITC is that it gets treated like income and is subject to tax (9%) so long as the person’s income is above the poverty line.