The tax plan in his book is just fine with me:
$30,000 per year will pay 1 percent in federal income taxes
$30,000 to $100,000 will pay5 percent
$100,000 to $1 million will pay 10 percent
$1 million or above will pay 15 percent
It’s still ‘progressive’ to make the liberals happy, but it’s also great for everyone, though the $1m and up people will end up probably paying more. I’m hoping this gets rid of the payroll tax and rolls it into the income tax, since it’s a sham to tax it separately anyway.
15% is fine if there are no loop holes and deductions.