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user-inactivated · 2527 days ago · link · · parent · post: White House Proposes Slashing Tax Rates for Individuals and Businesses
Tax reform could be really simple. Flat tax, tax credits up to the federal poverty line so as to not regressively tax the poor. No exemptions, no deductions. No tax refunds, because you know exactly what you're paying right out of your check and you wouldn't start paying until you were above the poverty line. You're just done right off the bat. Tax investment income the same way. All income is the same no matter what the source.