Flat Tax Amendment
5% flat tax with no allowances, credits, deductions, exemptions, or exclusions.
I hereby propose the following Amendment to the United States Constitution: Federal taxes on corporate income, individual income, interest income, capital gains, gifts, and sales shall be applied equally, with no allowances, credits, deductions, exemptions or exclusions, and shall not exceed five percent. Dividends, estates, and inheritances shall not be taxed, nor shall corporate and individual income earned outside of the United States if that income is already taxed in a foreign country.
I propose this Amendment because it will turbocharge the economy while equalizing the tax code. There can never be equality in this country as long as the government taxes its citizens unequally or gives tax breaks that not everyone can use. For example, the mortgage interest deduction is unfair to people who rent while the child tax credit is unfair to people who don't have any children. I made dividends nontaxable because corporations pay out dividends after taxes, which means that, when the government taxes the receipt of dividends, it is twice taxing the income that created those dividends. This is wrong! I made estates and inheritances nontaxable because the only fair alternative is to tax every estate and inheritance, and since liberals will scream bloody murder about taxing the estates and inheritances of the poor, I just made every estate and inheritance nontaxable. I made corporate and individual income earned outside of the United States nontaxable because that income is already taxed once in that foreign nation, so taxing it again in the United States is double taxation, which is wrong.
The bottom line is this: The U.S. Government taxes its citizens unfairly, unjustly and unequally, and the only way to end this unfair, unjust, and unequal taxation is with a constitutional amendment that bans it. Either tax everyone the same or tax no one.
Brady Shackelford
Author, In God I Trust.
I propose this Amendment because it will turbocharge the economy while equalizing the tax code. There can never be equality in this country as long as the government taxes its citizens unequally or gives tax breaks that not everyone can use. For example, the mortgage interest deduction is unfair to people who rent while the child tax credit is unfair to people who don't have any children. I made dividends nontaxable because corporations pay out dividends after taxes, which means that, when the government taxes the receipt of dividends, it is twice taxing the income that created those dividends. This is wrong! I made estates and inheritances nontaxable because the only fair alternative is to tax every estate and inheritance, and since liberals will scream bloody murder about taxing the estates and inheritances of the poor, I just made every estate and inheritance nontaxable. I made corporate and individual income earned outside of the United States nontaxable because that income is already taxed once in that foreign nation, so taxing it again in the United States is double taxation, which is wrong.
The bottom line is this: The U.S. Government taxes its citizens unfairly, unjustly and unequally, and the only way to end this unfair, unjust, and unequal taxation is with a constitutional amendment that bans it. Either tax everyone the same or tax no one.
Brady Shackelford
Author, In God I Trust.
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