LogFAQs > #931230963

First rule: Everyone deserves a job that pays enough for them to live on in the area where they do that job.
Second rule. Nobody should be taxed under the amount of money required to live in the area they do their job.
Third rule: Everyone making money over the amount needed to live in the area they do their job (up to a limit obviously) should pay the same percentage in taxes.

Say a good estimate is 20k a year to just rent a 1 bedroom, buy food and pay for transportation. Nobody should be taxed on the first 20k they make a year. That can vary based on cost of living in an area, but should not go over 30k max.

After that a flat % should be taken out of all income, I would say 33% would probably be enough if everyone actually had to pay that. No more loopholes, no more "re-investing" (Looking at you Amazon) etc. If you make money over a base amount, you pay 33% in taxes.

To fix the current student loan crisis, I would also increase the "no-tax amount" by the amount you repay your student loans per year (up to 2x the amount of interest they would accrue), which would be the maximum you are required to pay for student loans per year).

This will of course never happen as it would suck for the extremely wealthy and they have all the power, but at least it would be more likely to happen then Bernies plans etc, which have no chance at all of being passed (sadly).

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