First and foremost, I do not introduce a new tax like the national sales tax. Second, 0% income tax on every dollar up to $ 50,000, 15% income tax on every dollar from $ 50,001 to $ 500,000, and 20% income tax above $ 500,001. Third, Corporate tax rates would be cut depending on the sector. Manufacturing, agriculture, high tech, retail, and healthcare sectors would pay 15% in corporate tax. Financial sector would pay 25% in corporate tax.
So you want to keep a progressive income tax, one of the hallmarks of Marxism, a complicated corporate tax system that Congress can use to choose the winners and you want low income earners to have representation without taxation, which is what has gotten us to the miserable state we are now.
You know this is a conservative website, correct?
That sounds like what we have today, taxing some industries more because some politician doesn't like them. The government should not be in the business of picking and choosing who they want to tax. Progressives love this, make those mean old bankers pay.
Let everyone pay the same tax. That's what is called "equal protection".
Manufacturing, agriculture, high tech, retail, and healthcare sectors would pay 15% in corporate tax. Financial sector would pay 25% in corporate tax.””
No different than NObama—picking out whom you like & whom you dislike & taxing them accordingly.
When you tax on a basis of whom you like & whom you do not, those higher taxed entities will cease to exist.