Simple, Transparent, Fair, and Just
America should have a simple rules that are easy to understand. Byzantine rules create loopholes for the wealthy and lead to unintended effects. We should have: A 25% flat personal income and corporate income tax coupled with: A sincere effort to reduce or eliminate tax-exempt status and tax credits A significant increase in funding for the IRS to ensure that all due revenues are collected An additional 10% tax on all persons earning over $1M and corporations earning over $1B An income tax exemption for everyone earning under $50k A significant proportion of the federal budget allocated towards federal debt principal repayment A commitment to having the federal budget balanced The creation of a new federal agency dedicated towards guaranteeing every American a minimum income which will automatically employ all federal employees whose jobs are eliminated in order to preserve some income for them if they choose The elimination of coinage in the federal ...