I come back to Kep & mine's tax plan. It's simple, fair, and it would cause massive unemployment on the tax preparation business.
The only difference between the distinguished gentleman on the left and myself is the rates. He wants them to be punitive, I want them to be coercive.
In case you've forgotten or put me on ignore
People: Everyone files as an individual. Count everything except muni bond interest as income.
Ignore the first $45,000 (indexed to geographical location).
Tax the 1st million at 15%
Next 4 million at 25%
Anything over 5 million at 30%
Corporations
Use the numbers you report to the SEC and to the public.
Subtract 1 million
Tax the rest at 15%