SwimExpert
Gold Member
- Nov 26, 2013
- 16,247
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- #21
You may be right. I swing hammers for a living not calculators lolFlat tax rate
First 15k untaxable
ZERO deductions
Problem solved. You could do your taxes on a postcard.
I would say that the threshold should be closer to 30k. As Coolidge said, there taxes should be fewer, and less people paying them.
To be fair, the reason I favor something closer to 30k has more to do with considering the livability of lower income levels. I've also recently begun thinking that a flat tax might not be the best way to go, and that retain a progressive tax based on a geometric curve rather than income brackets.