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Rewrite the tax code: simpler, closed loopholes, and fairer.

Created by M.H. on September 23, 2011

Abolish the current tax code system and rewrite the an entirely new one including the following ideas:

1) Eliminate taxes at the bottom end of the pay scale who receive social security benefits, therefore allowing the government to reduce social security payouts to them.

2) Introduce a flat tax rate for middle class Americans at a near-present rate.

3) For those earning under a six-figure amount (but above the middle class cutoff) introduce tax brackets.

4) Close loopholes and eliminate tax-deductions for those making over $1,000,000.

5) Make corporations and companies pay increased taxes who do not invest in green technology if applicable (ex: coal-based energy companies, car companies continuing to produce gas-guzzlers, etc.) and offer tax incentives if they do invest in such tech.

Budget & Taxes
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