Bingo - flat tax (10% maximum) is the only way to go - with absolutely no deductions for anything. And everyone has to pay - no "ceiling." Because whether you make a million a year or a hundred a year you benefit from living in this country. And things you get for free are just not as precious as those for which you have to pay.
"Bingo - flat tax (10% maximum) is the only way to go - with absolutely no deductions for anything. And everyone has to pay - no "ceiling." Because whether you make a million a year or a hundred a year you benefit from living in this country. And things you get for free are just not as precious as those for which you have to pay."
You got it. NO deductions and EVERYONE pays something. It'll never happen but we can dream.
The flat income tax:
-keeps withholding in place
-keeps the 7.65% employee payroll tax in place
-keeps the 7.65% employer "contribution" payroll tax in place (hidden in higher prices and/or lower wages)
-keeps business income taxes, which are invisible in higher prices - ie the flat tax keeps a significant portion of taxes hidden
-keeps - indeed REQUIRES the 16th amendment to be in place
-keeps US goods less competitive by forcing taxes and tax costs into prices of US made goods
-keeps the government's ability to audit individuals and take away their freedom for innocent mistakes