[SamAdams76]

Imagine how easy a simple flat tax would be for all.

Eliminate all deductions, exceptions, and other loopholes.

Let's say the tax rate was set at 5 per cent of income.

So if your income is $20,000, you pay $500.

If $200,000 income, your tax is $10,000.

If you have $100 million in income, your tax is $5 million.

End of story. 5% might be too high though!

[Reily]

I’ve seen calculations that put the percentage at 17% to be revenue neutral.