My 10 - 30 plan

Discussion in 'Politics' started by OohPooPahDoo, Nov 3, 2011.

  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    WTF not? It doesn't sound any dumber than 9-9-9


    a 10 thousand dollar grant to all adult citizens and a 30% tax on all income.

    eliminate food stamps, education grants, and most forms of government assistance. This instead would be covered by the 10k grant paid to everyone -whether they make $0 or $100,000,000.

    All income would be taxed at 30%.

    The break even point would be at 33.3k - you'd get a 10k grant but owe 10k in taxes.

    If you made 50k - you'd pay net 5k (10%) in taxes (that's after the grant is figured in)
    If you make 100k - you'd pay net 20k (20%)
    If you make 250k you'd pay 65k (26%)
    If you make 1,000k you'd pay 290,000 (29%)
     
  2. bripat9643
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    bripat9643 Diamond Member

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    Your plan is almost identical to the Fair Tax, only your tax rate is higher, and the only tax would be on consumption.

     

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