I disagree. You are making this too complicated. Are tou a tax accountant? A true flat tax will work regardless if you lose a million or make a million. If you make a million, you sen the .gov $210k at the end of the year. If you lose a million, sorry about that but at least you don't owe any income tax, but you don't get a handout from the .gov for your bad luck either.
No more quarterly estimates. Everybody ponies up on April 15 of every year.
Sent from my iPhone
The flat tax will never happen. So you can keep dreaming about making it simpler.
Comment