New Income Tax Code

© Diana Lindstrom All Rights Reserved

Since we’re discussing Democrats taking a leadership position in US national politics, why not propose a new tax code?

Everyone in the country agrees that the present tax code is too complicated and has too many loop holes for avoiding taxes. Well, maybe not everyone. If I were one of the many thousands of IRS employees, I might not agree.

So, excluding IRS employees, we all agree that the system of taxation in the US is broken. Gee, I seem to remember another time in our country’s history when the tax system was considered broken. Didn’t George Washington, Benjamin Franklin, and a whole group of people take matters into their own hands? Didn’t the British king have a surprise!

Short of inciting rebellion, I’d love for our Democratic leaders in Washington to propose a very simple tax system. A flat-rate system. And that rate should be 10%. No exclusions – no loop holes.

Everyone would pay 10% of everything they earn. If a family earns $20,000 per year, their tax rate would be 10%. If a corporation earns $4 billion per year, their tax rate would be 10%.

All Americans would have more money in their pockets every year. Disposable income. Savings. College funds. Retirement funds.

The federal government would also have more money in the treasury. No loop holes. Everyone pays the same rate. And no one is exempt.

Win – win. What politician is brave enough to step up and actually write the law?