I think there should be a cut off poverty line. say 25k
Everything above 25k should be taxed at a flat rate of 15%, maybe 20%. Including business profits.
no deductions, no loopholes.
No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.
08-10-2011, 05:08 PM
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