The term "Fair and Equal Tax" is hereby defined as 15% of gross income from all sources. The Fair and Equal Tax is based on total income from all sources and does not allow for any exemptions or deductions with the exception that the first $24,000 of income from any source is exempt.
Why is this important?
Ensuring that everyone pays their fair share of taxes. I have been paying taxes for more than 50 years and I'm tired of the wealthy not paying their fair share. This petition would require Congress to define "Fair and Equitable Taxation" as 15% of gross income with no exemptions at all for anyone one. Its time the rich paid their fair share!!!
