My tax code would look like this:
No deductions on net income, these are real rates. Whatever the rate, that is what you pay. No joint filing. Everyone files as individuals whether married or not.
0% corporate rate unless profits are used for stock buy back or dividends, and then taxed like regular income
eliminate employee health insurance that companies pay by going to government single payer
tax capital gains like regular income
0% first $31,500 of net income
10% on any additional net income between $31,500-$100,000
20% on any additional net income between $100,000-1 million
30% on any additional net income above 1 million
tax negative externalities-carbon, processes foods, luxury items, etc.
$15 minimum wage
This code is extremely simple, very pro growth, very progressive, and I think would raise government revenue. It combines conservative and liberal ideas in a synergetic type way.
