Posted: Apr 28, 2005 By: Robert Donato

Subject: tax reform

Comment: To Tax Reform Panel,

Under the assumption that all Americans are Created Equal,

the only logical tax system would be to tax everyone equally.

Multiple tax rates are a form of discrimination! Every person or

entity who generates an income should pay the same rate on a

percentage basis. No exceptions.

My plan is fair and equal with a flat rate for everyone, a rate of

16% to 24% should be adequate.

Under my plan there are no deductions for anyone, every citizen is

required to pay “The rate” on their total income, no games, no

tricks, no excuses! Whatever someone chooses to spend their

remaining income on is their business. Whether it is household

bills, autos, boats, charities, mutual funds, education, second

homes, food, vacations, etc. it’s their option.

The government can fine tune “The rate” on a quarterly, semi or

annual basis according to current economic conditions.

For example, a National emergency, a war, promote a new

technology, help another country in dire need, an economic surplus
or other situations can trigger the Fed to ratchet up or ratchet down

“The rate”. Individuals, married couples filing jointly,

corporations, or any entity that generates an income should pay

equally the rate.

The I.R.S. would not be eliminated, it would be used to check the

income claims by individuals and corporations.

All income would be included as taxable income:

Workers W-2 Forms

Self employed income

1099 income

Stock Options

Capital gains, long and short

Gifts, Inheritance etc.

Whatever income is claimed should be taxed at the rate.

I have a deduction for home ownership with high property taxes,

which helps at tax time, but, I feel those who rent their dwellings

are discriminated against for not owning their homes and do not

have the same deduction but live and work equally.

I believe there would be less tax cheating if everyone knew

everyone was treated equally, not “What’s your game to beat the

system.”

I think a national sales tax would encourage the underground

economy to drastically increase its activity.

Other countries have instituted a flat tax with success. Its about

time America did the same.

A small percentage of “The rate” could be devoted to specialty

issues for long term stability.

For example:

Social Security

Medicare

Federal Deficit

Job Creation etc.

Sincerely,

Robert Donato


Bavanti@optonline.net