Yep.. and it’s bad.
Everyone pays the same % or it’s not fair and I don’t give a rats ass about what anyone makes.
If the 1st step of any honest tax reform does not include repealing the 16th amendment then it’s using a teaspoon to fix the incoming tide.
Well then go ask your prefered candidate for their detailed plan so we can see a better one.
Who’s your guy/gal?
What’s their detailed plan?
Death tax is gone. Closed loop holes etc. This is a great start. Eventually the closure of the IRS is the ultimate goal but this gets the non-conservative people on the band wagon.
Because it is not flat does not make it bad. If all these rates are coming down and it’s simpler and less filled with deductions, it could be good. I am a huge flat tax fan, but I’ll consider other proposals. I haven’t dug into this one to say either way, but lowering corporate and top tax rates down significantly is potentially good with me.
Well, you want to tax the 7 year old’s lemonade stand at the same rate you would a rich person? I think at some low income level it makes no sense to tax a person via income tax. It might make sense from a goods and services tax point of view and exempt certain items, e.g., certain foods, from the goods and services tax to help the poor.
Go Trump!
Point is, there are probably a hundred tax plans better than what Trump proposed this morning. But what Trump proposed this morning is better than anything we have heard from any other candidate this election cycle.
Who is your candidate of choice and what is their tax plan? Just so we can compare.