Originally Posted by
Utah
The tax code needs to be simplified. It shouldn't be this hard.
Do something like this:
$35,000 and under: you pay no taxes.
$35-50,000: 5% fed, 2% state, 3% health care
$50-75,000: 7%% fed, 3% state, 3% health care
$75,000-120,000: 10% fed, 4% state, 5% health care
$120-250,000: 15% fed, 7% state, 7% health care
$250,000-1,000,000: 18% fed, 10% state, 8% health care
1,000,000+: 20% fed, 11% state, 8% health care.
That's it. Whatever money you pull from whatever, is taxed at that rate. Now, there will be some issues as well, such as "I should make $999,999 instead of $1,000,000, but that's not a bad thing either. But, this is a lot better than what we have now.