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Tell me what's wrong with this income tax model
A flat tax with a large income exemption of maybe $25,000-$35,000. That is plenty of money to live on and it's a progressive tax: say the exemption is $30,000 and the tax rate is 24%. You make $30,000, you pay 0%. $60,000, 12%. $100,000, 17%. $1,000,000, 23%. That seems pretty fair to me. Obviously the numbers may need some tweaking as I just pulled them out of thin air. The richest end up paying more than what they pay now and still have millions left over, and the poorest pay equal or less by definition, 0% (unless we start PAYING them for making less money, oh wait, we already do). Also, capital gains are not taxed under a different system, all income is income, which I imagine would make up some of the difference created by the exemption as the current capital gains rate is ridiculously low. My logical mind can't seem to pick a hole in this, so tell me why Congress, which as we all know ALWAYS acts in the best interest of the people without any regard for political goals, wouldn't want to implement this.
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"Prohibition will work great injury to the cause of temperance. It is a species of intemperance within itself, for it goes beyond the bounds of reason in that it attempts to control a man's appetite by legislation, and makes a crime out of things that are not crimes. A Prohibition law strikes a blow at the very principles upon which our government was founded." --Abraham Lincoln
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