Forum Post: We need a Graduated Flat Tax

Everyone who is working should contribute regardless of pay scale. Most minimum wagers are living with mom...they too should contribute.

I feel if we have a graduated flat tax system that does away with tax deductions we can find fairness for all and equity for the country.

example:

If you earn

$1- $10,000.....tax 5%

$10,000 - $20,000...tax 10%

$20,000 - $30,000...tax 15%

$30,000 - $40,000...tax 20%

$40,000 - $50,000...tax 25%

$50,000 - $75,000...tax 30%

$75,000 - $125,000...tax 35%

$125,000 and above...tax 40%