weight lost and walking

Wednesday, November 02, 2005

flat tax rate.

It would be nice to live in a world that didn’t have taxes.
I never thought are tax system was fair. I’m one who favors a flat tax rate for all. I’ve readied the percentage should be between 10% up to 23%.
I think this is how the flat tax should go. Raise the individual deduction up to $15,000 per person. Take way the extra deduction for being over 65. Take way every tax credit excepted earned income unless the minimum wage is raise up to $15.00 an hour. If minimum wage goes up to $15.00 I would say take the earned income tax credit away.
So after your individual deduction a person or family would pay 10%.
A family of 4 would have to make over $60,000 a year before they taxed.
If a family of 6 made $330,000 a year they would get $90,000 for deduction and pay
$24,300 in taxes.
Simple and easy to figure out.
My opinions

1 comment:

  1. Peppylady... that's real simple.

    Which is the way it has to be kept to get America (and Amerika) to support something changes like this.

    I might offer that as an additional alternative to mine and JS Narin's (which are pretty close to the same in principle). If I have to flesh it out further, I'll let you know first for reviewing.

    Although I doubt we'll see a $15.00/hr minimum wage for awhile. The economy is way too fragile thanks to the corportatists and Republicans.


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