Madeline
Rookie
- Banned
- #1
What would it look like?
Let's assume for discussion sake the following:
GDP (Gross Domestic Product) is $200 Trillion.
Government needs $20 Trillion annually, and will have no non-tax revenues.
Excise and other taxes can be changed by Congress and do not affect foreign trade, etc.
Any form of taxation is legal.
Let's assume for discussion sake the following:
GDP (Gross Domestic Product) is $200 Trillion.
Government needs $20 Trillion annually, and will have no non-tax revenues.
Excise and other taxes can be changed by Congress and do not affect foreign trade, etc.
Any form of taxation is legal.