10% pure, flat income tax. No deductions, credits, or loopholes.
Yeah I’m not a special interest the ass clowns have jumped the shark. I shouldn’t pay taxes on taxed income nor pay taxes on money spent on shelter. My income my $.
A good plan. But IMO a much better plan is a consumption tax - a national sales tax.
The problem with any income tax is that it gives the government access to information that is NONE OF THEIR BUSINESS. It is none of their business what my profession is, where I work, or how much money I make. With a flat tax, they still have those records. With the current tax system, they also know what my mortgage payment is, how much I give to charity, how much I spend on various deductible categories, how much I have in the bank, in the stock market, etc., etc.