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01/23 23:28

Coinbase CEO Advocates Ending Individual Income Ta

Coinbase CEO Advocates Ending Individual Income Tax Entirely, Shifting Burden to Businesses

Coinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses.
Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea
Brian Armstrong, CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN), has proposed a sweeping change to the U.S. tax system, calling for the elimination of individual income taxes and a shift of the tax reporting burden to businesses. He shared his ideas on social media platform X:
Honestly, getting rid of individual income tax entirely would be ideal, shifting tax reporting burden to businesses instead. Try to generate equivalent revenue via a sales tax, or on business income, etc.
Armstrong argued that a simplified system could reduce stress for millions of Americans, making taxes easier to .

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