As part of any legislation to eliminate income tax, there needs to be a law prohibiting or minimizing the reduction in wages. I think both employers and workers should benefit from this change, but I suspect that without regulation, many will take advantage to simply reduce actual wages overall.
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Actually, employers no longer have to match those taxes taken in paychecks, so they and their employees get a savings. Extrapolate from there first.
I think you're referring to social security in that case. The income tax isn't part of the social security tax.
We'd still have to pay SS, and employers would still have to pay SS (Trump has mentioned "Commonwealth" being a beautiful word to him a couple of times ... I think he has a good idea to solve social security, but that's just speculation on my part).
However, repealing the income tax would wake a lot of people up as to how much they're paying in taxes in general. People look at me like I'm a retard when asked what my biggest yearly expense is ... its taxes ... and its taxes for most people.
Add up every single frigging tax you pay, from income to sales at the federal, state, and local levels, and you'll find that you're banking around 50% of what you earn. In some states like California, it's closer to 60%.
There is no fucking way it costs that much money to run a government even with a lot of the "government provided luxuries" (sarcasm implied) we have here in the USA.
Oh, and few get back what they pay into Social Security over their lives ... that's the second largest government scam next to the income tax when it comes to taxpayers (it's clear there are far larger government scams where people enrich themselves to the tune of billions ... I am merely discussing what used to be called Mr. or Mrs. John Q. Taxpayer being scammed :-) ).
This