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I agree, I think we should go to a flat tax something like 18%. No deductions, loopholes, credits. Flat 18% across the board or w/e is deemed needed to sustain
by gremlinsinc 10y ago
I agree, I think we should go to a flat tax something like 18%. No deductions, loopholes, credits. Flat 18% across the board or w/e is deemed needed to sustain things..
GBI is employed to give everyone a quality of life, but even the poorest citizen who--is getting free money, can then afford to be taxed the flat rate.
Say you have 45k average income per person. and 250 million adults.
That is (45,000 * 250,000,000) * .18 = 2,025,000,000,000 or 2 Trillion..
This doesn't factor in any Corporate / Estate / Wallstreet Speculation Taxes either. -- Which corporations should pay something similar to the 18% flat tax as well. Do that and you can almost see this thing paid for. We could also add a 4% sales tax or vat -- which will make it so anyone who's in the country on visa/illegal still pays taxes while here.
This is all speculation as I don't know the exact average incomes, and # of adults, or if children will be given stipends, or what the perfect % flat tax is for everyone - but it's just an idea.