Combined General and Maryland “Freak State” PING!
One bracket: 12%
No deductions, exemptions or anything else other than DIRECT costs for companies.
Done.
I like the tax credit for all dependents. Our kids are all adults but two are still dependents. Now is when they get expensive, school, car insurance etc. When they were young, food was the only real cost.
The older two moved out on their own, yet when they tried to get student loans, it was still predicated almost solely on our income, not theirs, even though at that point, about the only think I paid for was their cell bill. If they want to play that game, tax credits should play along.
Not high enough. 20%.
Sounds good except for exempting charitable donations. When the Clinton Foundation is an example of a charity, it’s time to end tax exempt status across the board.
EMP preparedness deduction...but nothing for the coming zombie apocalypse?
A simple flat tax...everyone pays, no exemptions, no deductions.
10% is good enough for God, it can be good enough for the government.
Frankly, I find an income tax repulsive and is theft but we need to get away from a progressive tax system.
The Flat Tax...get completely away from income taxation. Tax consumption.
#10===
I already paid taxes on the deductions they took for Soc Sec.
Flame? Ok. This is not news and doesn’t belong here. This is a vanity and as such, goes in chat.
No income taxation! We are not government’s slaves.
Fairtax.org
No offense intended, and no flames, TSR, but you are one of many folks who have some clever ideas about how to rearrange the deck chairs on the IRS Titanic!
Here is my suggestion: FAIRtax!
FAIRtax, H.R.25 and S.18 will replace the Marxist inspired “progressive” income tax with a fair, flat national retail sales tax and abolish the IRS.
Just think, you will NEVER file an income tax return again! How much money you make and how you make it will be nobody’s business!
ALL of you income will come to you tax FRee and YOU will choose how much taxes you pay by deciding what to buy!
It is a FReedom issue! You will be FRee to work, earn, save, invest and spend without the heavy hand of government interfering!
April 15th will become a nice spring day!
Check the FAIRtax out at https://www.fairtax.org!
Say what?
An amendment: No tax in interest income!