I repeat...ten percent...flat tax...No exceptions,no deductions everyone has 10 percent skin in every years game...everyone.Watch the economy boom and the give aways disappear. Stop the social engineering!
The Takers cannot be asked to pay taxes!
You know that!
Agree 100% that *ALL* they should be talking about is a flat tax, but more precisely, the FAIR Tax. This "overhaul" was a FAIL even before they started talking about it! This is possibly the ONE chance they had to get something bold and transforming done, and as usual they are snatching DEFEAT from the jaws of victory! And THAT is your "republican" Party, folks: the LOSER Party!
“I repeat...ten percent...flat tax...No exceptions,no deductions everyone has 10 percent skin in every years game...everyone.”
I agree with the principle, but there are complications when you say no deductions.
Surely a business owner should be allowed to deduct expenses, otherwise, if they had to pay 10% of gross revenue that would mean their tax could very likely exceed their profit margin!
And if a business can deduct expenses, it stands to reason that employees earning a salary should also have a standard deduction to reflect basic minimum living expenses.