How would you fix the budget?
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July 18th, 2012, 15:41
My 10/10/10 plan would fix the revenue side of things.
First $10,000 of income is untaxed.
All income (corporate and individual) of all kinds after the above 10k is taxed at 10%.
10% sales tax.
No exceptions, no deductions, no special cases, NONE AT ALL, it's 10%.
I ran the numbers a while back and it worked out quite well. Everyone would hate this plan, though.
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