- Add a new corporate flat tax called the employee profit share hour tax of 10%. Will replace individual deduction and credit tax code system currently ran.
-Flat Corporate/individual tax code.10% tax rate cap.
-Remove dividend tax and add 2% sales tax on investments. $1.095 trillion fed revenue yearly
-Remove and replace tax system of Social Security, Medicare, and Medicaid with employer matched 8% SS, 5% HC, and 20% federal withholding of SS and HC tax contribution. Individual would be able to take pay check to bank and apply the net amount of SS and HC contribution to retirement and health care sponsored savings plans. A person making $600 a week with these reforms would have $24,960 in HC and $39,936 in SS savings over ten years plus dividends. Net $5,200 per year bring home