Imagine how great America could be without any federal income taxes. Especially in one of the states with no state income taxes!
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@sickburnbro Why not just make the personal-deduction $100K per individual, to start, then adjust the "Over $10M" rate to balance the budget.
@PopulistRight because there is no balancing the budget even with 100% tax on 10M+
If the fed eliminates the income tax, states like California will just jack up the rate. Anyone earning money in California will have to pay it (that's already the rule. Residence is not required).
@Humpleupagus @sj_zero correct, but that's a positive of the situation - other people aren't paying for california's games.