4 ms·
A flat tax with an tax free income threshold would actually be great. For example: - Exclude the first $50,000 - Tax the rest at 25% - Eliminate deductions
by cletus 6y ago
A flat tax with an tax free income threshold would actually be great.
For example:
- Exclude the first $50,000
- Tax the rest at 25%
- Eliminate deductions (this will never happen). This includes the standard deduction.
- Make efforts to also stop companies to shift profits to low or no tax jurisdictions.
- Get rid of double taxation on dividends.
And we'd all be a lot better off.