Showing posts with label Taxation in the United States. Show all posts
Showing posts with label Taxation in the United States. Show all posts

Tuesday, October 22, 2013

The (nearly) unimaginable future of the American tax code


Day 093/365 - Tax Time Phat Cash!
Let me begin this essay by stating I am in no measure an economist and have no real credentials for advocating the economic viability of what I'm about to propose. I come at this as someone trained in both narrative and sociology, which is to say this is how I expect the political story of American federal taxation to eventually end.

And it will end, at some point in my lifetime, with the demise of the income tax and the rise of the federally guaranteed basic income. Put another way, the federal government will stop taxing your personal income and will instead underwrite it, for everyone.