- James from Florida
- Hialeah, FL
- United States
This conversation is closed.
For every eligible taxpayer to choose what percentage of their total income, from a range of 5% - 100%, they wish to pay the federal govt.
On everyone's tax form that must be submitted in April, there should be a page where taxpayers are given the ability to choose what percentage of their total income for that year they wish to pay in taxes, ranging from 5% to 100%. On that same page, there should be a row of boxes to check off where each individual wants their portion of taxes to go for the following year. Defense, Social Security, Medicare, Medicaid, Welfare, etc. People will only be entitled to programs they have contributed to in the past, and not entitled to programs they have not. Everyone will pay something, even if it's only 5%, and anyone that wishes to pay more in taxes for the greater good will be free to do so. Since the program would have to be phased in gradually so as not to shock the revenue stream, the first year of implementation it should first be available to those in the lower brackets before gradually becoming available to those in the upper brackets in the years that follow.