Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Only for those so poor that they aren't really paying any taxes. It's been estimated that if there were a flat tax that it would only need to be 10% of all corporate and personal income to be effective. Most working class folks pay well over that in the US.


I think "all corporate income" is doing some heavy lifting in that description. It would be a hell of a trick to pass a bill that made business expenses taxable.


Expenses aren't income... But a VAT is basically a tax on business revenue.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: