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Reply to "What really needs to be fixed in the tax code?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Eliminate ALL deductions and exemptions. Institute a flat % tax.[/quote] Flat tax should have the first 25k or whatever exempted to allow the working poor to have a chance. Flat tax would need to cover all current taxes: estate, dividends, etc.[/quote] I could see that. Is that 25k exempted for all forms of income or just for salary? If there are any deductions/exemptions, it should be from the bottom up in terms of no one at the top being able to take advantage. [/quote] Yeah I'd bump that up depending on cost of living area, like 45k in dc, 25k in Biloxi [/quote]
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