I sort of lean toward a 10% basic federal income 1040 tax, which would up to say $5000 (on $50,000 of income) simply be a forced savings scheme to replace welfare. States would fund essential welfare services for those that have not generated enough savings.
Higher income folks would pay income tax on income above $50,000 to fund constitutional government operation.
Income tax on really high incomes would be devoted to national debt service so Democrats can’t buy votes by raising the taxes on high incomes.
The old age SS tax scheme would remain, unless your parents died and you chose to opt-out and fund your own retirement at FICA rates. FDR’s SS was initially a forced saving scheme.
>>Higher income folks would pay income tax on income above $50,000 to fund constitutional government operation.
That’s a sure way to have ever-expanded government operations, if only “the rich” pay for it. Everyone should feel the pain of paying, is the point.
Congrats- you’ve just created a whole group of democrat voters with no skin in the game.