Flat Wealth Gain Tax AQ16
Channel: Alaska Quinn
Date: 08/03/2020

Flat Wealth Gain Tax: Simplify & balance the tax system so that everyone pays the same percentage rate without any need for accountants or lawyers. Set the same rate for all wealth gained not only income with a single large deduction per person (for example $40,000). The rate will be determined yearly to balance the previous year’s spending +1% to pay down the current national debt instead of leaving it for our grandchildren & future generations. Page 1 of the tax form will list net wealth gained & page 2 will list refundable tax rebates where IRS pays you. The current system is too complicated & unbalanced allowing the unethical to cheat & not pay their fair share while leaving a huge debt for future generations 
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