How about we eliminate the EITC, all credits including the child tax credits, and get people back on the tax rolls, so-called “broadening the tax base”. Maybe taxes can pay for government services, rather than satisfying some obtuse utopian desires.
1. Eliminate ALL corporate tax.
1a. Eliminate ALL depletion allowances and depreciation allowances.
2. Eliminate ALL current IRS regulations.
3. Set the individual tax rate at 10% regardless of income.
3a. Perquisites at taxed at 10% of cost.
4. Withhold at the rate of 11%, to get a refund you have to file taxes, but there is no legal imperative to file.
5. Tax ALL money coming into the country at 0% (yes, ZERO%).
6. Tax ALL money leaving the country at 10%.