No, 10%. BTW, I take the standard deduction, as do many people unless you have a mortgage. 90% of tax payers take the standard deduction.
Quote:
Originally Posted by OrangeBlossomBaby
Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.
Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.
I'm okay with that.
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