- Repeal the IRS code almost in its entirity, leaving only the exceptions for nonprofits and religious institutions.
- Make sure the code explicitly states any lobbying, campaign contributions, or other attempts to interfere with the political process automatically cancels tax exempt status.
- Abolish all other current dedctions, exemptions, etc.
- Eliminate current filing statuses in favor of "single with dependants" and "single without dependants.
- Each indivudual filing as single gets a $25000 deduction from their gross income. Each individual that can be legally claimed as a dependant entitles the person claiming them to an additional $10000 deduction. If multiple individuals are entirled to claim a dependant, the deduction is split evenly between caretakers in the same household, and proportionally to cost of care for dependants supported by more than one individual in a single household. There are no other individual deductions.
- For invividuals, IRS will send a postcard notice each year in January, stating the taxpayer's wages, withholding, abd deductions according to their employers. For individuals having no income other than wages or salary, this is the entire return. Individuals with other income to report, must file a full form.
- The tax rate is 20%, after the standard deduction. This tax rate will increase or decrease by 2% each year according to federal spending until equilibrium is reached, with any outstanding federal debts on a 15 year repayment schedule.
- Current, and former members of congress will pay a tax rate of twice the individual tax rate for any year in which the tax rate is above 30%.
- All foreign money transfers will be taxed at the current individual income tax rate, unless it can be proven that the beneficiaries of the transfer had already paid the applicable taxes. The IRS may refund this tax if a finding is made that the transfer does not constitute untaxed income.
- The standard deductions will be adjusted yearly for inflation, and the individual deduction will always be at least 1.5 times the federal poverty level.
- Congress may designate certian deductions for healthcare, charitable contribution, or payments into a qualifying retirement plan. These deductions only apply when the income is diverted by a payroll deduction towards a quaifying program.
- Income is defined as gross reciepts, not counting gifts from immediate relatives of less than $1000 per relative, or gifts from other individuals that total to no more than $10000. Otherwise, if it goes into your pocket or into your bank account, it's taxable.