Does anyone like the idea of a federal flat tax?

  1. Danny R Hand profile image60
    Danny R Handposted 6 years ago

    I believe a federal flat tax of 25% across the board would be all that is needed to deal with debt, deficit, and revenue problems. Of course there would be NO LOOPHOLES, NO INCENTIVES! But I would suggest letting anyone who makes $20,000 a year or less off from FEDERAL taxes. Get rid of subsidy's, and then it would be fair.
      And before I'm attacked about letting those off who make $20,000 a year or less off, I try to consider mortgages, insurance, utilities, food, and all the other things our society expects lawful citizens to pay for on $20,000 a year.

    1. profile image0
      Emile Rposted 6 years agoin reply to this

      I like it. But, I don't think it would take 25%. If you cut out all of the loopholes I think 10-15% would probably do it.