AGAM66 — Common Sense Tax
Finance Economics • Tax Reform • thecommonsensetax.org
Fixing the Economy: The Common Sense Tax
America desperately needs tax reform. Our tax system is unfair, distortionary, and wasteful. AGAM66 presents the Common Sense Tax — a two-tax system that is simple, fair, and designed to grow the economy for all Americans.
Revenue Neutrality
The Common Sense Tax features just two taxes: a flat 13% employer payroll tax and a 25% personal income tax on earnings above $100,000 (married) or $50,000 (single). Designed to be revenue neutral and eliminate annual filing for over two-thirds of American households.
Encouraging Work & Saving
The AGAM66 Common Sense Tax improves incentives to work and save, eliminates corporate and personal tax accountants, and makes April 15th just another day for most Americans. The tax return fits on a postcard.