Abolishing the IRS and replacing it with a consumption tax sounds like a no-brainer, right? But is it really that simple? π€
In this video, we break down:
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The history of taxation in the U.S. and why income tax became the standard
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What a consumption tax (like Europeβs VAT) really means for everyday Americans
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How shifting to this system could hit lower-income families the hardest
This is a conversation EVERY taxpayer needs to hear. Donβt let the buzzwords fool youβknow the facts before you decide.
What do you think?
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π Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.
Remember, the IRS is actively monitoring this space, so stay informed and report your gains responsibly.
For tailored advice and support, visit CryptoTaxAudit.com.