‘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.
I confess I didn't read the thread. But his initial post set me off by sounding liberal (or at least populist).