I'm sorry to blow a small hole in your logic, but when was the last time you saw an "across the board" tax cut?It took you 2 1/2 yrs to think of it and you're still wrong.
I don't recall the year but I'm pretty sure there was a year when every taxpayer received a tax refund...what would you call that?
Two and a half years ... only because I was looking for the story for a friend and stumbled across the board today. And why put a statute of limitations on a discussion? I'm Australian, we can discuss for years. :)
Where I was "wrong" was when I failed to clarify that I was discussing your "everyone should get 20%" doesn't work in reality. I should have asked when you last saw a tax cut that was made across all tax brackets to end up as a flat percentage for everyone? :)
That's not the way tiered taxation has ever worked. Unless you have a flat taxation method, you can't get the result you are looking for. The person in the highest bracket takes the benefits from each previous brackets with them by default.
But I say borrow from a third world African nation. They've just had their debt wiped out, maybe they'd return the favour. :)
Anyhow, I thank you for taking the time to comment two years plus later. :)