"$3,700,000,000,000
That's how much money the United States government spent in 2015 to run. The majority came form taxes, but not all of it. Now, we know that it's a pretty popular position to say you're going to lower taxes. But the problem, is that nobody ever lowers taxes. They simply find another way to make you spend your money. This going through back doors and trying to make it seem like you're saving the average american money, is harmful. First of all, it makes taxes so hard that it almost takes a professional to explain how to pay your taxes. Second, it makes it really hard for you to budget your money, because the taxes keep taking away from it at different times. A little here, a little there, and before you know it you've given a good portion of your taxes to the government, but you don't realize just how much. We propose, that we simplify this problem.
We can't eliminate taxes, we need the money to run the government. We can't lower them, because it'll simply lead us to find other ways to get money, typically more complicated and expensive measures. The best we can do, is simplify it. Rather then having tons of taxes, we can simply compile it into one large tax for the federal government. State taxes although, would have to be let to the states for now, but we'll make it a priority in the future to simplify state taxes too.
20.5%
That's the tax rate we would collect. All at once, from your initial paycheck. Everything else is your's to keep. We got this number by calculating the gross domestic income(GDI) of the United States of America, approximately 18 trillion. This would completely fund the federal government, all at once. Rather then having 10 different taxes all taking a piece of your income. Making it easy to calculate how much you make. Simply multiply your income by 79.5% and you know how much of your money is yours. This means no more social security tax and no more medicare tax. Congratulations. Taxes simplified."
Would this tax plan actually work?
Obviously it's designed so the average person who reads it will be like "oh yay, simpler taxes!", considering it's meant to gain support for this political party, but it seems straight forward enough. But then, nothings this simple. So where did they go wrong in this thought process?
Edit:
The one good thing I see is that they aren't promising something that's too good to be true.
Just saying they'll make it a little easier.