[factoryrat]

That is 100% pure crap, no thanks to the slimy congress.

I want a flat income tax, across the board.

No credits, no deductions, no exemptions, no EITC, no exceptions.

10% tax on all personal earnings. No brackets or “progressive” rates, regardless of source. No minimums, no maximums.

The only exception I would make is for retirement income.

Corporate rate would be 20% on gross earnings receipts. No exceptions. No accounting tricks either. Also, no taxing corporate income earned and kept offshore, unless it is deposited in a US based corporate account.

Also, a 5% tariff on ALL imports of foreign origin coming across any port into the US, no exceptions.

Enough of this government/crony social engineering BS.

The power to tax is the power to destroy. Repeal the 16th, and put the taxpayers back in charge.

[bert]

Politics is the art of the possible

What you want is not possible because it is not politically desirable

[Democrat_media]

I agree with most of what you say especially repeal the 16th and the 17th too.

but I don't get this?:
Corporate rate would be 20% on gross earnings receipts”

Corporate tax rates should be zero imo .Trump wanted 15% max but got 21% so far from the senate.

What right do you have to Intel's profits? Intel can put a massive , automated , futuristic computer chip plant in the USA or in China .if you and communists democrats want to harass them taxes and regulations Intel will put that plant in China. D you think a massive Intel chip manufacturing plant would be good for the USA or better in China?
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[Democrat_media]

I agree with most of what you say especially repeal the 16th and the 17th too.

but I don't get this?:
Corporate rate would be 20% on gross earnings receipts”

Corporate tax rates should be zero imo .Trump wanted 15% max but got 21% so far from the senate.

What right do you have to Intel's profits? Intel can put a massive , automated , futuristic computer chip plant in the USA or in China .If you and communists/democrats want to harass them with taxes and regulations then Intel will put that plant in China. Do you think a massive Intel chip manufacturing plant would be good for the USA or better in China?

[Ancesthntr]

“Corporate rate would be 20% on gross earnings receipts. No exceptions. No accounting tricks either.”

---

You would put every single business that operates on high volume and low margins out of business instantly. You simply cannot tax gross receipts, you MUST allow deductions for labor costs and the cost of goods sold. Business earnings are not like individual earnings. When you or I go to work, other than our transportation costs, we pretty much net everything that we bring home after taxes. On the other hand, a business usually has to pay rent on its premises, insurance, labor costs of many different types, utilities and (believe it or not) actually pay another company something for the products or raw materials that it then turns around and sells to the public.

While I cannot know for sure, it seems to me like you have never been in business before, but have always worked for others.