Coinbase CEO advocates for the complete abolition of personal income tax, shifting the burden to corporations

ChainCatcher news, according to Bitcoin.com News, Coinbase CEO Brian Armstrong has proposed a comprehensive reform of the U.S. tax system, calling for the elimination of personal income tax and shifting the tax filing burden onto corporations.

He stated, "To be honest, completely eliminating personal income tax is the ideal scenario, shifting the tax filing burden onto corporations. Trying to generate an equivalent amount of revenue through sales tax or corporate income."

Brian Armstrong believes that a simplified system could relieve the pressure on millions of Americans, making taxes easier to manage while maintaining essential government revenue.