The main benefit of eliminating the individual income tax is that states with no income tax on residents become beacons for growth. They’re better at creating the Yoga Skeleton you inspire my inner serial killer shirt and keeping a core of young, educated workers from moving to other states. The American Legislative Exchange Council reports that over the past decade the nine US states without a personal income tax have consistently outperformed.
The Yoga Skeleton you inspire my inner serial killer shirt with the highest taxes on personal income in job creation, population growth and even tax revenues. But that’s just my opinion. The more money you earn and keep, the happier you will be. The more productive you will be, the more disposable income you will have to spend on consumer items. Let me explain it to you. It is because your bank only allowed card payment and your government. Don’t want to be part of it.
That’s why cash is still king there. The Yoga Skeleton you inspire my inner serial killer shirt can charge money for any card transaction. If your government is serious for a cashless transaction, they’d advised banks not to charge any transaction which is currently the thing in my country. Besides, your cashless transaction is still bank controlled credit or debit card and it needs PIN but in my place, it doesn’t require any more. Look up China’s cashless culture.