Quote:
Originally Posted by Space_Coyote
How's this then?
First $20k, non-taxable, period, no strings. After that, 10% tax on the excess. I lived on less than $20k in college while being taxed, it's not fun, but it's do-able, so tax-free should be a lot easier. How's that sound?
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What about the flat-tax problem of the one person making $19,999 and the other who makes $20,001?
Oh, and we'd DEFINTIELY have to eliminate ALL exemptions and various dodges. Taxes could be filed on a 3x5 card, if we didn;t have all that figuring nonsense.