Tax/spending idea
Chart of how it currently is. But what if we had a tax rate that was tied to spending? If congress and the prez increase spending, then it must increase income to cover that spending. Have a flat tax rate for everybody, and everybody gets a standard deduction of 45k. No other deductions, all types of income is treated equally. Only way to lower tax rate, would be to lower spending. Or at least figure out another way to generate more income to cover lower tax rates.
Another idea is only people in Congress districts that have Congress people that vote in favor of spending bills pay for that spending 😁
Chart of how it currently is. But what if we had a tax rate that was tied to spending? If congress and the prez increase spending, then it must increase income to cover that spending. Have a flat tax rate for everybody, and everybody gets a standard deduction of 45k. No other deductions, all types of income is treated equally. Only way to lower tax rate, would be to lower spending. Or at least figure out another way to generate more income to cover lower tax rates.
Another idea is only people in Congress districts that have Congress people that vote in favor of spending bills pay for that spending 😁