Probably a big nothing. I doubt that today’s GOPe would ever let it happen under any circumstances.
How about the Simple Tax program? Pay 10% to the Feds, 10% to the State and local governments, no deductions, no tax credits/subsidies/welfare (individual or corporate). That’s it.
35% is way too high.
No one making under $100k or even $250k should be paying 35%. Period.
Everyone always wants the other guy to pay the 35%.
It is something better than what we would get from the Democrats or the GOPe whose obsessions with preserving big government inevitably lead to tax increases or the creation of new taxes....
35% is outrageous.
The FAIR Tax is the only way to go. Repeal the 16th amendment, abolish the income tax, abolish the IRS.
The citizen should NEVER have to encounter the federal government face-to-face.
No way optimum growth occurs with a 35% tax on the economy’s successful producers. It’s like trying to lubricate the engine of your car with oily rags.
It’s so sad to see these two adopt a plan that redistributes income, and therefore stifles the dynamism the economy requires.
I’m for a ten year phase-out of all income taxes in favor of consumption taxes. The collection mechanism is already in place. The IRS is slowly put to death, and capital formation is enhanced greatly.
Sure, there are downsides to this, but they are far outweighed by upsides.
Yeah. This plan sux. 35% is way too high.
We need to either go with a flat tax or the Fair Tax.
At what point does the 35% kick in?