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jb2000:
I think that would be an excellent system. I would tweak it a little bit though by removing the lowest bracket and replacing it with a sales tax and subsequently smaller brackets after you get out of that lowest bracket. You could have something like a standard deduction of 25,000 or just build that into the tax tables.
That way, we would account for most of the income from people who recieve under the table cash only. I have nothing to back it up, but I'm sure that most people who get paid only in cash and pay no taxes make less than 25k.
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