What are YOUR ideas on Tax Reform? (user search)
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  What are YOUR ideas on Tax Reform? (search mode)
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Author Topic: What are YOUR ideas on Tax Reform?  (Read 7519 times)
mvd10
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« on: March 26, 2017, 07:44:35 AM »

- Replace the exclusion for employer-sponsored health insurance with a fully refundable flat tax credit for everyone purchasing healthcare
- Get rid of the corporate income tax and capital gains tax
- Increase the standard deduction to 50k for single filers and 100k for married couples and repeal all itemized deductions (not that there are many itemizers left after the expansion of the standard deduction)
- Cut the top income tax rate to 33%
- Enact a VAT to pay for all of this but create a monthly tax rebate for VAT on purchases up to the poverty level. I guess the VAT would have to be 10-15% to pay for everything including the rebate.

I would probably also enact a carbon tax. Maybe use the revenue for a payroll tax cut or something like that.
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