Subject: FLAT TAX RATE Comment: TAX REFORM PROPOSAL FLAT RATE INCOME TAX-INDIVIDUALS 1. Single rate – Seventeen percent (17%) of gross income on all individuals regardless of marital filing status 2. No deductions or exemptions or credits 3. Gross income baseline $33,300 for family of four – no taxes imposed on families of four below $33,300 per annum 4. No different rate between single or married filing status 5. No alternative minimum tax |