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Old 04-08-2015, 03:49 PM
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jms62 jms62 is offline
Saratoga
 
Join Date: Mar 2007
Posts: 19,802
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Quote:
Originally Posted by dellinger63 View Post
Make the first $10K earned tax free and tax everything above that at 20%. An individual making minimum wage or $16,320/year would pay $1,264 for an effective rate of 7.7% while an individual making $200K would pay $38K and be at an effective rate of 19%.

Stop enticing poor, single, too young mothers to breed for dollars.
From reading the article he did talk about an earned tax credit. Now all he needs to do is allow me to write off trading gains vs gambling losses. It's all glorified gambling anyway
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