You're talking about quite literally like 80% of the entire tax revenue generated by the government. Income taxes we're devised because an industrial nation cannot collect property taxes on non land owning tax payers. As the cities grew, governments realized that they could only tax the wealthy and prominent land owners so much before they had to generate it in another way.
You're talking about quite literally like 80% of the entire tax revenue generated by the government.
This is wrong.
$50k/yr is below median household income so we're talking about eliminating income taxes for the bottom half of taxpayers (less than that actually, but whatever). The bottom half pays roughly 3% of income taxes.
Now, that number gets somewhat bigger when you take into account payroll taxes but it's nowhere close to 80%.
Payroll tax is more akin to a government pension program in that your payment roll gets you money back when you retire. Counting as just another tax really cuts against years of government arguments to the contrary.
1) NO taxes till $40k-50k for a family 2) Free healthcare 3) Not so crazy tution fees
all these are doable.. just like raising minimum wage..