Originally Posted by
tsquare
They aren't even talking about getting rid of the mortgage deduction... If I were President though.. it would be gone.. after I instituted a 10% flat tax on ALL earnings...
TAX FORM:
1) How much did you make last year? ________________
2) Subtract how much you saved or invested.
2) Multiply by .15
3) Attach your check here ------------->
But it would have to come with a Constitutional amendment, because the 537 idiots in DC are so incompetent that they wouldn't be able to resist the urge to start dipping into it again....
FYP
A flat tax is such a better idea than the European Socialist "Fair Tax" espoused by some. Steve Forbes had an exemption for lower income families but I think that is a bad idea. Everyone should have skin in the game. If you are going to vote you should pay income tax.