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(The Hill)   House GOP: The IRS is corrupt and the tax code should be scrapped. But in the meantime, let's name a portion of it after a former GOP senator   ( divider line
    More: Dumbass, IRS, GOP, R-Texas, U.S. House  
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342 clicks; posted to Politics » on 26 Jun 2013 at 5:18 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

3 Comments     (+0 »)
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2013-06-26 05:28:11 PM  
Kay Bailey Hutchison is taking the House's focus off of Benghazi
2013-06-26 09:06:03 PM  
Coincidentally, the House GOP is also corrupt and should be scrapped
2013-06-27 09:03:07 AM  
Okay let's scrap the tax code for a graduate tax rate of 5% on the first 40,000, and an increase of 5% on double the last tax bracket. So that it is 10% on 80,000, 15% on 160,000, 20% on 320,000, 25% on 740,000, etc ...

The catch is no deduction, no separate corporate tax rate and all money that comes into your possession is considered income, no matter the source. In other words no separate capital gains tax. You buy it good for you, you sell it at a profit we tax the profit, you sell it at a loss too bad so sad sucks to be you we tax the income.
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