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Old 08-13-2012, 08:28 AM   Topic Starter
oldandslow oldandslow is offline
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John Thune's tax plan...

Mr. Thune is the state Sen from S. Dak and recently proposed eliminating all deductions from federal income tax. Instead, he argues, make the tax rates 8%, 14%, and 23% based upon income.

After giving this a lot of thought, I am not sure I am opposed to such a plan. It would eliminate a lot of fraud, stop rewarding people for having more kids, and make taxes simpler while holding true to a progressive tax plan. One could, of course, play with the numbers when passing the legislation.

What do you think?
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