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Our current progressive tax code sucks. A flat tax is better, but still not good enough. So is there another solution?
Yes, the “Smart Tax” code.
Note: Graph represents effective tax rate at income multiples of the poverty threshold given a smart rate of 18% 
Objectives
Replace the progressive tax bracket system with a single tax bracket
Remove all exemptions and deductions and replace with a single exemption equal to the poverty threshold and a single deduction equal to the amount of other taxes paid
Capital gains and income will be treated the same
Revise corporate tax system to transfer tax on profits to shareholders
For more information visit the “Smart Tax” facebook page.

Our current progressive tax code sucks. A flat tax is better, but still not good enough. So is there another solution?

Yes, the “Smart Tax” code.

Note: Graph represents effective tax rate at income multiples of the poverty threshold given a smart rate of 18% 

Objectives

  • Replace the progressive tax bracket system with a single tax bracket
  • Remove all exemptions and deductions and replace with a single exemption equal to the poverty threshold and a single deduction equal to the amount of other taxes paid
  • Capital gains and income will be treated the same
  • Revise corporate tax system to transfer tax on profits to shareholders

For more information visit the “Smart Tax” facebook page.

74 notes

  1. politicoid posted this
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