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Create a simple fair tax code. 22% flat tax on all income with a $50,0000 exemption. No deductions at all! No joint tax

Created by N.K. on January 01, 2013

Create a simple fair tax code. 22% flat tax on all income (capital gains treated the same) with a $50,0000 exemption. No deductions at all! No joint tax filing. No credits. No crack embed doors for manipulation,

A person making $50,000 would pay no tax. A person making $100,0000 would pay $22,0000 in taxes. A person making $1,000,000 would pay 220,000 in taxes.

For couples: each individual files separately; there are no joint returns.

The rate and exempt income level could be set by a non-partisan statistically valid group.

This would free Tens of thousands of intelligent tax lawyers, accountants, and other tax professionals to peruse other productive endeavors.

It would be simple to administer & comply with. Thousands of charismatic lobbyists could peruse other work!

Budget & Taxes
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