Comment by naveen99

There was a time before income tax… and there maybe a future without income tax. Or you can think of income tax as profit sharing with everyone’s required partner big brother. Remember corporate tax and payroll taxes are flat. the progressive part of income tax is really more targeted at consumption. so it’s really more of a progressive consumption tax. It’s easy to arrange a delay in taxes if you don’t need to consume, and are willing to run a business.