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Tax Breaks vs. Budget Cuts... maybe we should try both?
#4
Flat tax with a flat, per-person annual refund equivalent to the tax on the first 20,000 of income, even if no income was earned. All income taxed regardless of source, including interest, dividends and capital gains and pensions. Index the 20,000 figure to the CPI going forward. Withheld by employer. Tax form would be about half a page.

Think of the savings by reducing the IRS to one-tenth its current size! Nothing is off the table, right???
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Re: Tax Breaks vs. Budget Cuts... maybe we should try both? - by Acer - 02-27-2011, 04:45 AM

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