I am re-posting this to start a discussion...
My #1 issue is fairness. Here's my idea, one of the principles of what I'm calling The Fairness Doctrine:
Principle # 2: Fair, flat income tax w/ no deductions
All individuals and organizations who earn money are part of the financial back bone of our society:
a- Each profit making, corporate entity gives 30% of its annual revenues as taxes to the State where it does business.
b- Each individual gives 20% of his/her annual income to the state
where he/she has his primary residence.
c- Each non-profit entity gives 10% of its annual revenue to the State where the revenue is earned.
d- Each State shares its revenues 50/50 with the Federal government.
Let's see if this one does it...
RB
