I propose the following.
Every taxpayer in the USA gets two tax amnesties in their lifetime.
One at age 25 - 30, one at 50-60.
If over that age groups get one tax amnesty any time up to their highest five year working average.
But in the year the tax amnesty is taken the tax cannot be more than 10% (?) more than any previous year. A person cannot hold up their compensation for a particular year to get it all tax free.
This would give a help for buying a house or car in the young years, and put away for retirement in later years, for example. It would gradually put money back into the economy year after year. The Govmint should be able to adjust spending.
Every taxpayer in the USA gets two tax amnesties in their lifetime.
One at age 25 - 30, one at 50-60.
If over that age groups get one tax amnesty any time up to their highest five year working average.
But in the year the tax amnesty is taken the tax cannot be more than 10% (?) more than any previous year. A person cannot hold up their compensation for a particular year to get it all tax free.
This would give a help for buying a house or car in the young years, and put away for retirement in later years, for example. It would gradually put money back into the economy year after year. The Govmint should be able to adjust spending.
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