What's the best taxation method?

[Ladsin2]

Not sure how to word it. What method of taxation do you think is best, and what do you mean by best?

VAT Tax

Flat/Fair Tax

Graduated Income Tax

Other

[HungTexan]

A flat is the best and fairest, but it probably won’t happen because people are used to paying a graduated percentage tax that goes up with higher income. It’s always popular to increase taxes on wealthy people, even though it’s not fair.

[Dargil]

A turnover tax any time money is transferred, it should be taxed. That rate can be very low.

[Ladsin2]

How much are you thinking then?

[Dargil]

The total amount of turnover can be identified By artificial intelligence. Once that amount is known, it can be held up against our budgetary requirements and a tax rate for turnover could be set. Here's an uneducated guess. My inputs are probably wrong. The total income of Americans by any source in 2024 was about $23 trillion. The total disbursements by Americans in 2024 were about $20 trillion. That is a total taxable turnover of $43 trillion. Total government expenditures in 2024 were approximately 7 trillion. That would indicate a turnover tax rate of about 16%. That is my shot in the dark.

[Dargil]

Knowing that there is a 16 per cent turnover on every dollar that passes from one hand to another should be an incentive for the department of government efficiency To work harder.

[DrPepper12]

Graduated income tax for peoples income

Corporations should have a variety of different taxes.

Consumers should have a VAT to a limit

Property tax should not be a thing.

Flat tax is just asinine fodder for rubes.

[exitseven]

I think a flat tax is the most fair. Everyone pays their share.

[andreasderjuengere]

There isn't.

It's a ''necessary'' evil to fund the follies of those who ''lead'' us.

[zagor]

A graduated income tax set at 0% up to one dollar more than I make and 90% above that.

[beefcakebradybatson]

Graduated Income Tax.

[seeyounexttuesday]

Fair tax.