Enact a progressive flat tax such that a married couple making $30,160 (both minimum wage earners) per year pays zero taxes and graduate that tax upward to a 20% rate @ $500,000 level and after that any couple or small business that makes $500,000 or more pays a flat 20% max tax rate. Halve these income numbers for a single person.
$250,000 is not enough to protect the middle class. Gasoline has quadrupled over the last 8 years. Inflation due to higher prices eat away at a couple or small business making $250,000.
This income tax has NO DEDUCTIONS--PERIOD! Money made in the stock market, trading, etc, is just that..INCOME. No dividends, no capital gains, etc. Money = income regardless of the source.
If the government can't live on 20% tax then it needs to quit!