Today as I was finishing my lunch, I turned into Fox News to see President Obama leaving the podium from another press conference. The caption on the picture said that Obama wanted everyone to have a fair chance. Well, let's see how we can use the tax code to bring about fair chances for everyone.
1) Everyone earning $250,000 or less has a 0% income tax without deductions or credits.
2) Everyone earning between $250,001 and $350,000 has a 10% income tax without deductions or credits.
and 3) Everyone earning $350,001 or more has a 35% income tax without deductions or credits.
This should give everyone a fair chance. As the Middle Class is well protected and the rich punished in this proposal, everyone should be happy.