Fair and Simple.

[AVG-JOE]

Would an over-night conversion to a fair and simple tax code dramatically change the pocketbooks of the wealthy and their corporations, or the middle and lower classes?

​

 

[AVG-JOE]

Shame the devil and tell the truth now - ass-u-me-ing a fair tax code, and ass-u-me-ing a zero net change in tax liability for lower-middle class and middle class taxpayers, the wealthy and their business entities would most likely pay more. A lot more.

​

 

[AVG-JOE]

Does that simple fact tell us anything?

​

 

[AVG-JOE]

Should it?

​

 

[LordBrownTrout]

I'm certainly against the current progressive code. When you say fair tax, what is your definition? 5, 10 percent across the board? No deductions for anyone?

 

[AVG-JOE]

The fairest tax proposal I've ever heard of is a national sales tax of 4% on everything consumed by individual or business and a national personal income tax of 12% with one $35,000 deduction for all.

Beyond the sales tax, business should be left to the states to tax, as they are the first line of response when a corporation gets messy inside their border.

The beauty of simplicity: If the national nut remains uncovered or the coffers overflow at 4 and 12 over 35, simply adjust either or both of the percentages and it remains fair.