We need a flat tax that gets rid of every deduction for everything.
Put in a basic deduction for the first X amount for poverty level, and everyone pays the same flat rate for anything over that amount.
Married, single, wages, pension, interst earnings, capital gains, all taxed the same flat rate.
Put in a basic deduction for the first X amount for poverty level, and everyone pays the same flat rate for anything over that amount.
Make that deduction based of the GDP as well using a formula. So right now it would basically be forinstance:
The first 25,000 of income if not taxed be they Bill Gates or the school teacher..
Personally I think all federal taxes should be illegal and the federal government should be funded by Tariffs only.