We the people need an income tax that is fair, reasonable and inclusive. The following Tax changes need to be made to create jobs, build infrastructure and reduce debt.
1. All income shall be deemed earned.
2. The Social Security tax and Medicare tax will be levied on all income.
3. All income taxes shall be levied on income after the Social Security tax and Medicare taxes have been collected.
4. The only deductions will be $15 thousand single $20 thousand married. A corporation will be deemed single.
5. The rates will be 8% on income to $35 thousand dollars, 10% to $60 thousand dollars, 15% to $125 thousand dollars, 25% to $225 thousand dollars, 35% to $500 thousand dollars, and 45% for all income above $500 thousand dollars.