As I scramble to finish my taxes, I think I like this idea!
Via Breitbart:
Sen. Marco Rubio (R-FL), a GOP 2016 presidential candidate, joined Sen. Mike Lee (R-UT) to discuss their new tax reform plan at The Heritage Foundation, which they recently released.
Lee began by saying the proposed tax plan is “pro growth and pro families,” explaining that the current tax code is very complex and tends to punish investment, hard work, marriage, and the ability to raise a family.
Lee said that his plan takes a seven-rate tax system and puts it into two rates – which isn’t easy to do – but is designed to simplify the tax system.
Under the framework, generally 80 percent of Americans would pay roughly a 15 percent tax rate, and all others would pay at a marginal rate of 35 percent. The higher rate would begin for an individual at $75,000, but doubles for married couples filing jointly.