Quote:
Originally posted by Carrie@Feb 23 2004, 07:52 PM
Take the income that you EARNED during the year.
For every $1 that you earned, pay $0.15 in taxes.
Period, you're done... simple.
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What do you think about deductions? Interest on real estate, etc.
Why 15%? By my estimate a 20% flat income tax with no deductions whatsoever would be required to maintain the current size of government. I'm all for a smaller government though.
Even 15% is not 15% with state and county sales taxes and so on.