Every year our tax code grows. It's well over a million pages. It's full of loopholes, exceptions and exclusions that pretty much only benefit the wealthy and, most of all, the politicians that wrote the code and stuffed it into another Bill as pork.
There should be a flat income tax of 25% for everyone; rich, poor, corporate..everyone/thing with an income. This would give everyone a tax break right off the bat.
A huge portion of the IRS could be dismantled. No more income tax form submissions. No more loopholes. Fair. Ain't that what obama wants? Fair?
Comments (5)
Title is deceptive. Should read something like "Eliminate all federal taxes except for flat 25% income tax". There are lots of ways to simplify the tax code (make it easier on Americans), and the title should reflect that.
Oh by all means, take that person earning minimum wage, demand 25% of 20,000 / year and all that person has to pay....
to the federal government.....
is $5,000.
No problem, they do not need protein if they don't earn enough to buy it.
Once again jordan is giving posting lessons.
Check out Fairtax.org
By far the best plan ever. Taking care of folks at the poverty level and a fair even tax to the remainder.
I don't like the flat tax idea but gave you a thumbs up for bringing up the topic...