https://news.bitcoin.com/desantis-vows-to-abolish-irs-advocates-flat-tax-in-presidential-bid-amidst-stiff-gop-competition/
On Jan. 4, 2024, Florida Governor and presidential candidate Ron DeSantis articulated his desire to abolish the U.S. Internal Revenue Service (IRS). He advocated for the adoption of a uniform rate flat tax for all U.S. residents. DeSantis declared to CNN’s Kaitlan Collins on Thursday, “I would eliminate the IRS, have a single rate, and just do a flat tax.”
If he can get rid of the IRS does that mean people wouldn't need to pay taxes on Crypto? Who would hold them accountable?
But these politicians always say BS like this but they never actually do it once they get into office. Hope this guy is different. I would vote for him if he's serious!
I mean doing just one of those two things would be an accomplishment but both? that's like too good to be true...
Maybe he thinks his voters are so stupid that they think he can pull that off. And yeah, that would mean, people could hide their money from government more efficiently. Some people might think that's a good idea, until that tax money is needed for public infrastructure and there's not enough of it. It also would ensure more corrupted politics.On Jan. 4, 2024, Florida Governor and presidential candidate Ron DeSantis articulated his desire to abolish the U.S. Internal Revenue Service (IRS). He advocated for the adoption of a uniform rate flat tax for all U.S. residents. DeSantis declared to CNN’s Kaitlan Collins on Thursday, “I would eliminate the IRS, have a single rate, and just do a flat tax.”
If he can get rid of the IRS does that mean people wouldn't need to pay taxes on Crypto? Who would hold them accountable?
But these politicians always say BS like this but they never actually do it once they get into office. Hope this guy is different. I would vote for him if he's serious!I mean doing just one of those two things would be an accomplishment but both? that's like too good to be true...
I am thinking he wants to throw in impossible promises now just to get people talking about him, as he knows he stands no change, so he is getting every attention he can get.
You would be impressed on how many of those non sense promises have the capacity to stay in the mins of some people in the United States and other countries, where people believe the president have the authority to change the system and the way taxes are collected.
Though, we should give some credit to De Santis, he did not specify what is the actual percentage he was going to use to tax all the people living in the United States, at first glance we could assume he would go for a low percentage which would benefit those who are millionaire and billionaire, but assuming he goes back into the race and wins by miracle he could put a high percentage on the table (like 30-40%) which would be catastrophic for those rich people and companies. And since it would be a flat percentage for all of them, he would not be breaking his campaign promise, technically.
By the way, if Donald Trump wins I don't have any doubt in mind he is going to go with the clasical tax rates cuts for the rich, as he has already done in the past, probably the only promised he has held on. People are still waiting for the Southern border paid by Mexico.
