>if you have a 23% tax on everything you buy
>it will hit the lower and middle lasses the hardest because they spend all of their money on living
>it also is grossly unfair to anyone who is retired. they paid income taxes all their lives, and now that they're retired, their income may be below the threshold for income tax, but the gov't gonna now DOUBLE TAX the money they already paid taxes on when the spend it? fuck that shit.
Let's break down the numbers:
You make $100/day
Government takes $33 in income tax
$67 goes into the economy to save/circulate.
When you go to pay bills, you have $67
vs
You make $100/day
$100 goes into the economy to save/circulate
Government takes back $23 when it's finally spent. When you go to spend it, you spend the same $67 above, and with tax the total is $82.41.
You still have $17 and change in your pocket.
…assuming you work 1000 days in three years.
1st scenario, you have $0 in savings
2nt scenario, you have $17K in savings
reeeeee harder