This petition for tax change, while at first glance it is not acceptable to either party, offer many wins for the each of the various political camps. The description must be considered holistically as the elements off set one another making it a fair system that improves the economy, competitiveness, and progressiveness of the tax system. Most important is it works!
Benefits:
• Provides a low, slightly progressive effective tax rate of 0% and not reaching 20% for all individual tax payers and businesses that have not chosen limited liability structures.
• Provides a low corporate tax rate relative to other countries of 20%, this includes any form of Limited Liability Company.
• Provides a predictable business climate that takes the government out of the roll of picking the winners and l