According to the bureau of economic analysis: "The average personal consumption expenditures (PCE) ("goods and services") per capita in the US in 2023 was $55,400."
A 5% federal tax on goods and services ("sales tax") would make up your hypothetical $2800 a year per person.
Since this would make up for the differences according to your numbers, no one would need to pay income tax.
This is before the massive savings on government spending brought about by Elon musk running the "government efficiency board" like an absolute boss.
The American people have been grifted to hell. When that comes to an end, and the economy is roaring like it never has before, 5% sales tax is not going to be a big deal.
It's doable and it's going to happen.
Without checking any of your numbers...
According to the bureau of economic analysis: "The average personal consumption expenditures (PCE) ("goods and services") per capita in the US in 2023 was $55,400."
A 5% federal tax on goods and services ("sales tax") would make up your hypothetical $2800 a year per person.
Since this would make up for the differences according to your numbers, no one would need to pay income tax.
This is before the massive savings on government spending brought about by Elon musk running the "government efficiency board" like an absolute boss.
The American people have been grifted to hell. When that comes to an end, and the economy is roaring like it never has before, 5% sales tax is not going to be a big deal.
It's doable and it's going to happen.
What about Capital Gains tax?