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What if the US Abandoned Income Tax Today? - A Catastrophe

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Everyone hates paying income tax, but we know that it is essential in running the government. But is that actually true as many countries don't have income tax nor sales tax. So, what if there was no income tax in the us? Would the US collapse without taxes defaulting on the national debt? Or will we see an economic boom in the US? How will the US make up for the lost income tax revenue? Will they increase sales tax or simply cut government funded programs? This video describes what may take place if the US abandoned income taxes today. Timestamps: 0:00 - Is income tax actually needed 1:02 - How countries run without income tax 2:23 - US government funding solution 3:43 - Increased social responsibility 4:42 - Bustling economy 6:34 - Shifting politics 7:09 - Negative repercussions 8:32 - Harsh turnback 9:01 - Conclusion and final thoughtsThumbnail Credit: a rel="nofollow" target="_blank" href=" https://www.vecteezy.com/ "Free vector art via Vecteezy/aMusic: Music Info: AShamaluevMusic - Cinematic Orchestral.Music Link: https://youtu.be/pHsHRSo78yQ Music: Ansia Orchestra - DreamerLink: https://youtu.be/ncfTEs02q8E Music provided by: MFY - No CopyrightMusic: Ansia Orchestra - WarlockLink: https://youtu.be/OwDMxpelEJc Music provided by: MFY - No CopyrightMusic: Ansia Orchestra - NessLink: https://youtu.be/baSq234ty6w Music provided by: MFY - No Copyright


what if there was no income tax what if there was no taxes what if people stopped paying taxes how do countries not have income tax how do countries not have sales tax country without tax countries with no taxes countries without tax countries with no income tax no income tax states states with no sales tax country with no income tax how dubai makes money without tax what if the us didn't have tax how countries without tax make money how tax free countries work
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