|
I have had this thread in the back of my mind for a while now. I want a flat tax where every dollar over $13,000 is taxed flately. And for each dependent you support, you get an additional $13,000. Adjusted for inflation when necessary. If you make $40,000 and support only yourself, then $27,000 would be taxed by the agreed upon flat percentage, say 18%. If you make $40,000 and have a spouse who doesn't work, you get taxed 18% on $14,000. If you have a spouse and child you support on $40,000, you get taxed 18% on $1,000. I think this is a very fair system. I would also not allow for any other tax deductions, unless there was the libertarian idea of a tax free medical account. Businesses would also be taxed by 18% on all economic profit they make (taxed after all their expenses are paid). This way money is not taxed twice.
__________________
"Only two things are certain: the universe and human stupidity; and I'm not certain about the universe."
-- Albert Einstein
|