I’d even support eliminating all tax breaks, loop holes and credits
Did not see anything on this, but I’m sure there is.. what is everyone’s take on Taxes. I am in favor of eliminating most loop holes and tax breaks and lowering the tax percentages. Everyone who makes income should have to pay some taxes, as everyone in one way or another benefits from the services provided by the taxes. My idea is still a progressive system, but think tis fair across the board overall. 0-10,000 for single and 0-20,000 for married and head of household 5%
10,000-25,000 for single and 20,000-50,000 for married and head of household-10%
25,000-60,000 for single and 50,000-120,000 for married and head of household-15%
60,000-125,000 for single and 120,000-240,000 for married and head of household-20%
125,000 and up for single and 240,000 and up for married and head of household-25%
I of course didn’t do any math on this, but realize some will be getting a tax raise and some a tax break in this, but the result will be a simple tax code that everyone will pay something into if you earn money and is about as fair as you can get imo.
I’ve also tinkered with the idea of a flat tax of say 15-20% for everyone
What are your ideas?
By James L. Riggs
David, you are obviously a bright, intelligent, thinking, human being. Get rid of all the write offs for the huge corporations and watch the money roll in.
Wow, wish I would have thought of that. Hang in there David maybe someone will listen.
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