Flat Tax (Fair Tax) system where everyone is charged a very low (10% or lower) income tax across the board, regardless of income. No deduction, no rebates, nothing.
All other government income will come from sales taxes. Sale taxes tier up with the value of the purchase. It could go up by as much as 100% for uber luxury items such as McMansions, 30 ft yachts, private jets, and other large ticket items. For companies making capital investments, the sales tax would be capped at 50%.
All tax paying citizens will receive a tax pre-bate for a preset dollar amount of essential necessities such as bread, milk based on the number of people within the household. So those with kids will receive more tax pre-bate than those without. For example, let's say that a family of 4, two parents and two kids. The parents will get a pre-bate of $500 per person where as the children will be on a age defined tier from $200 when they are born to $500 by the time they are 18.
I'm just throwing out the % and numbers randomly, but the idea is the same.
On the subject of leaving tips, I love it when I go back to Asia. Tipping is not part of the Asian culture. Though some establishments are spoiled by westerners and are beginning to demand tips. White people, STOP TIPPING THE ASIANS. YOU ARE RUINING IT FOR THE REST OF US.
All other government income will come from sales taxes. Sale taxes tier up with the value of the purchase. It could go up by as much as 100% for uber luxury items such as McMansions, 30 ft yachts, private jets, and other large ticket items. For companies making capital investments, the sales tax would be capped at 50%.
All tax paying citizens will receive a tax pre-bate for a preset dollar amount of essential necessities such as bread, milk based on the number of people within the household. So those with kids will receive more tax pre-bate than those without. For example, let's say that a family of 4, two parents and two kids. The parents will get a pre-bate of $500 per person where as the children will be on a age defined tier from $200 when they are born to $500 by the time they are 18.
I'm just throwing out the % and numbers randomly, but the idea is the same.
On the subject of leaving tips, I love it when I go back to Asia. Tipping is not part of the Asian culture. Though some establishments are spoiled by westerners and are beginning to demand tips. White people, STOP TIPPING THE ASIANS. YOU ARE RUINING IT FOR THE REST OF US.