Pitchfork Economics with Nick Hanauer cover image

How the tax system impoverishes Black Americans (with Dorothy A. Brown)

Pitchfork Economics with Nick Hanauer

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I'd Tax All Income the Same, No Loopholes

I would tax first all income the same. Income from stock would be taxed at the same rate structure as income from wages. And i would have a very few, if any, exclusions. There'd be one deduction for what i call a living allowance,. If you didn't earn enough from your job to get out of poverty, not actually get out of Poverty... then federal government would write you a check for the difference. You know, republicans talk about simplifying the tax code. I'm happy to do but eliminate all deductions.

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