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Our current system of taxation is backwards: I pay 30% and multimillionaires pay 15%. Everyone should pay their fare share and everyone should get the same basic deduction. All income should be included: from salaries, wages, and tips to interest, dividends, bonuses, and capital gains. The deduction should be $60,000 and the rate should be 20% for EVERYTHING over that amount. No other deductions or loopholes whether you are Mitt Romney or Joe the Plumber - one size fits all.

Submitted by Mike M. from WA in Taxes & Budget Jan. 5, 2015, 7:27 p.m.
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#1060
148 votes

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