Russia does it, 13% of all your annual income = your tax owed
Somehow it works - and it’s simple, so there’s no need for thousands of deductions (and a big bureaucracy)
The irony of Russia’s flat tax is that the oligarchy had the power to impose it. They realize, just as the Heritage Foundation, that a simple flat tax will spur economic growth. Unfortunately, OUR oligarchy of career politicians, crony capitalists, media elites, and leftist professors all benefit from the complexity of the tax code. Farmers, manufacturers, pharmas, health care, solar, oil—the list is endless. Incumbency is the single most corrupting influence in our entire political system. Term limits is the only answer.
what we have now started as a flat tax...
abolish it and institute the fair tax, where the states collect the revenue and the feds have to petition for a percentage.
That still makes some an economic slave; does not encompass ALL peoples (IE: still those w/ no skin in the game); and a few other niggling peeves....
Return to what worked for ~150 years
You MUST still allow the government to examine all your financial records to prove that you don’t have any hidden income. What part of SLAVERY don’t you understand?
Nope. No flat tax either. Watch the film Freedom to Facism by the late Aaron Russo.
Eliminate the income tax and the economy might start hopping and jumping.