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I voted no and am in agreement with above, especially the bolded area. I know people who make $12K per year and taking 15% of their money would put them on the streets. I think there should be a base amount that is not taxed and anything higher than that, say 18K and above would be better than a flat 15% from the first dollar.
Also their net income would be so low that they would qualify for a food card. I agree there should be a starting point and 18k- 20k would be a good place to start. Lets add if you do not meet the above thresh hold you pay 2%, that would appease the crowd that want everyone to have some skin in the game.
A good question was brought up does the 15% include social security, I think it should considering it is broke and being partially funded out of the general fund already. With no deductions or earned income credit the federal gvt will take in a lot more money then present.
I would add the 15% to capital gains and corporation rates with no write offs, deductions,nothing. That stops the lobbying of our so called leaders using their fascist powers to pick winners and losers. I think if we did this the economy would boom, it would give individuals and corporations certainty. Of course there would have to be safe guards like it would take 2/3rd majority of the house and senate to make any changes to the bill.
Location: Just transplanted to FL from the N GA mountains
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Just to be clear... this is gross right... not adjusted gross? Or are things like home interest and business expenses paid out of pocket still part of the equation?
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