23% sales tax; no fed. income tax

[Rupert Pupkin]

Originally Posted by pgardn

Oh Im sorry. the baby cow would be born with the following trend continuing:

That sounds like a better idea than just a flat 23% sales tax. I agree with others that a flat 23% sales tax would be be too big of a burden on the poor.

I still think the best idea would be a combination of a flat tax and some type of less complex, progressive income tax. For example, maybe they could have a 10-12% flat sales tax and also a simple, progressive income tax where people who make under $25,000 a year pay no income tax, people who make $25,000-$50,000 a year could pay a 5% income tax, people who make $51,000-$100,000 a year could pay a 8% income tax, people who make $101,000-$200,000 a year could pay around a 10-12% income tax, and people who make over $200,000 a year could pay around a 15-20% income tax.


For the very rich... It would mean they would get the heck taxed out of them, but I assume there would be an upper limit.

That's not what I was saying. I was saying that the highest tax bracket would pay 15-20% in income tax. Nobody would pay more than 20% in income tax even if they make $20 million a year.