A tax I can sink my teeth into. Everyone pays their fair share. I’m sure you’ve seen the reports where they say that folks making less than 50 K pay no federal taxes. Well I’m also sure that you have heard how those same folks get 90% of the social benefits the federal government has to offer. So why shouldn’t those on the bottom pay also?
Back when the second Bush was president he proposed something similar. Then it would have raised a little over 400 billion. I’m sure that in todays Economy and so many more folks working, it would raise a minimum of a trillion.
And yes folks like me who are on Medicare should also pay that 10% tax. Only deduction that would be allowed would be Charitable contributions.