US Citizens and Resident Legal Aliens
Gross Income * 0.08% = Total Federal Tax Burden
No Deductions, no loopholes, nothing. Flat 8 percent.
US Owned and Operated Businesses and Corporations.
No Taxes.
.08% = a total tax of $80 on an income of $100k. While that’s a lovely idea, it won’t pay for our military, much less anything else.
What about import tariffs?