That's my proposed tax rate. As long as we have an income tax, then let's do it the right way.
10% PERIOD. No exemptions, no deductions, no poverty exceptions and no wealth surcharges. No "employer portion" hidden in the mix. No corporate welfare, targeted tax breaks, funding exceptions, 'green initiatives', wealth transfers, wealth redistribution, or handouts to special interests.
Individuals and Corporations pay 10% on the first dollars earned. All savings and investment income is tax-free, as it will use after-tax dollars. Eliminate the Capital Gains and Estate taxes. Then, stand back and watch the economy explode with productivity.
Too bad it will never work. The entitlement mentality has been inculcated into our youth through government indoctrination. Our Media and politicians depend on vote-buying and class warfare to remain in power. We have gone too far down the Socialism path to turn it around quickly (if we ever do).
All of the GOV's fundamental duties can be supported inside that figure. Almost NOTHING beyond their constitutional authority can be supported inside that figure.
Think about it.
Anybody who complains that "XXX pet project/agency/department/regulatory function/redistribution scheme is vital to our (YYY special interest bloc)" is trying to enslave you and steal your money to enable their power over you. The problem is that you sheep have accepted your chains without protest for too long. Anybody who tries that argument better show the black-letter Constitutional authority for their claim, or shut the hell up.
Time to throw the chains off and force the GOV to live within its means. Take a scalpel to the budget? No. How about a chainsaw instead? How about a bulldozer? How about we begin eliminating entire Cabinet departments? How about we eliminate every malum prohibitum law on the books. How about we pare down to a War Department, Customs and Border Protection (and kill the rest of DHS), Coast Guard, Treasury (and Mint, eliminate the Federal Reserve), judiciary, and part-time Congress.
Restore the right to Keep and Bear Arms, without infringement (like it says in the Constitution). Get the Government out of our lives. It is time to live like Free people once more.
Are you with me?