7-to-1 Flat Tax 70%/$350,000/10% 70%/Individuals-Businesses-Investors/10% 70%/Incomes from Whatever Source Derived/10%

This proposal is self-explanatory. On the 70% top marginal end, the 7-to-1 flat tax balances the budget and pays for the national defense. On the 10% bottom marginal end, the 7-to-1 flat tax creates NEW jobs (and NEW revenue) INSIDE the United States. We recommend that the 70%/10% rates stay in place for at least 10 years. The single $350,000 threshold cuts federal income taxes to 10% for 1) middle class individuals 2) middle class small businesses 3) middle class investors. Likewise, there is a basic flat income tax of $35,000 for every American with taxable income below $350,000: 1) Individuals 2) Businesses (Small Businesses & Corporations) 3) Investors (long-term & short-term capital gains). The 70%/10% rates are the approximate 98-year average top/bottom marginal rates (1913-2011).