Tuesday, March 26, 2013

RE: tax reform

My idea of a simplified tax code:


Take your annual income and divide it by 4,000.  The resulting number is your tax rate percentage.  Cap that rate at 30 to 33%.   No deductions of any sort.


If you are concerned that the poor might pay too much tax, then give everybody a $1,000 after calculation exception.

Best wishes,

John Coffey


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