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eddiedry
Posted 1/10/2010 00:34 (#1014102 - in reply to #1014082)
Subject: How about a new tax scale>>>>>>>>>>>



Wheatley, Arkansas

First 10,000 in earnings                      50%                        5000

Next 40,000                                       40%                       16000

Next 50,000                                      30%                       15000

Next 100,000                                    20%                       20000   

Next 200,000                                    15%                       30000

All over 300,000                               15-25% depending on needs determined by OMB

 With a freeze on any additional government spending for 5 years and a mandatory reduction of 2% in each consecutive year thereafter.

 

 No deductions allowed.

 This would encourage people to try harder to reach the next level instead of figuring out how to stay below a certain level.

 

 

 

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