YEAR 1. Personal Income tax: Cut tax rates to 5% of all income between $30,000 and $100,000, 10% on income between $100,001 and $750,000 and 15% above $750,001 to $2 million and 20% above $2 million. Eliminate Capital gains taxes. Eliminate all deductions except. $5000
IRA deduction and a $5000 HSA deduction. Year 2. Cut Corp tax rates to 10%. Introduce a 5% sales tax on all ...