[cynwoody]

How about keeping it real simple? Everybody pays 20% on their income quarterly, by check or electronic bill-pay — none of this withholding nonsense. Income being revenue minus expenses. Corporations, not being real people, would not be taxed, but the 20% rate would apply to dividends, obviously. Capital gains would be proceeds on sales minus inflation-indexed basis.

Further refinement: If you don't pay taxes, you don't vote, since, obviously, voting would be a conflict of interest.

[SatinDoll]

‘How about keeping it real simple? Everybody pays 20% on their income quarterly, by check or electronic bill-pay — none of this withholding nonsense. Income being revenue minus expenses. Corporations, not being real people, would not be taxed, but the 20% rate would apply to dividends, obviously. Capital gains would be proceeds on sales minus inflation-indexed basis.”

That has been what CR has been talking about for this whole thread.