Winfield/Simfan Tax Plan

[Lincoln Republican]

This tax policy is based on income, and I will propose that all Atlasians with an income over 10,000 should and will participate in the payment of taxes in order to provide the revenue necessary to move the nation forward, as well as I believe that all who benefit from citizenship in Atlasia should participate in the responsibility to provide necessary revenues for the nations programs.
 
Income up to 10,000 no tax
Income over 10,000 up to 20,000 taxed at 5%
Income over 20,000 up to 35,000 taxed at 10% 
Income over 35,000 up to 50,000 taxed at 15%
Income over 50,000 up to 100,000 taxed at 20%
Income over 100,000 up to 300,000  taxed at 25%
Income over 300,000 up to 500,000 taxed at 30%
Income over 500,000 up to 1,000,000 taxed at 35%
Income over 1,000,000 up to 3,000,000 taxed at 40%
Income over 3,000,000 up to 5,000,000 taxed at 45%
Income over 5,000,000 taxed at 50%

No deductions or loopholes are allowed, however, since it is clear that families with children have greater expenses, families with an income not above 70,000 will receive a rebate per child based on the following table.

Income up to 35,000 rebate of 2,000 per child
Income over 35,000 up to 50,000 rebate of 1,000 per child
Income over 50,000 up to 70,000 rebate of 500 per child

[Goldwater]

I think 50% is a little to high, but I like how simple & logical this tax plan is.

[MyRescueKittehRocks]

My cap is 40% above 10 million. 50% is too high. My minimum cap is 25,000. Though I oppose income taxes.