Quote:
|
Well the flat tax should first be tested in two small sections of America. Then any problems/imbalances can be identified and adjusted and gradually expand into the rest of America. I've heard the flat tax has worked terrific for the Russian government. The purpose of the flat tax is so when someone like Bill Gates earns 12.8 billion in a year he would pay a solid flat tax... even an 8% tax means 1 billion dallors. In my opinion the flat tax should gradually increase depending on income, thus the single mom would pay 1%.
|
So you're not actually for a flat tax, but a progressive marginally increasing tax. That's what "should gradually increase depending on income" is called.
You just want the tax code simplified and the deductions removed?