To: President Donald Trump, The United States House of Representatives, and The United States Senate
tax reform
Revise taxes so that those with million dollar incomes have to pay at the same rate as middle income people, and not get by with paying taxes at a rate less than 20%, such as Romney who bragged about paying 13%, while middle income people face a 28% rate.
Why is this important?
This formula would give low and middle income people more to spend on products and services which would increase employment and more taxpayors to reduce the deficit and less dependence on welfare. Eliminate all tax loopholes and deductions except contributions to legitimate charities up to 10% of income and medical expenses exceeding $5,000. Then take the remaining balance, subtract $50,000, then all should pay 25% in taxes. Those with million dollar incomes would have to pay their fair share instead of paying less than 20%, such as Romney who stated he pays 13% and Warren Buffet who pays 17%. The average for this group is 15%, while middle income people pay at a 28% rate.