Kasz216 on 19 October 2011
Using amateurish numbers.... I'd work the plan like this.
Corporate Tax Rate of 18%. at 7.79%
progressive almost no deduction tax rate aiming for effective rates of
7%/13.5%/17.5%/20%/27%. (Which sounds like tax increases until you take into account all the other taxes people will no longer pay.)
based on quintile projections, with a law that states that one can't be raised without the other which would bring in about 54% of net revenue.
Bringing us up to 61.79% of needed revenue.
Which means if you go by the only 3 taxes plan... the sales tax would only be responsible for 38.21% of the taxes.
Making a National Sales tax about ~5%. It seems much more palatable.
