13.2: Revenue Stream
Raise a permanent revenue stream of up to 18.5 percent of the economy as measured by GDP. Other Information:
Tax Rate. The tax system is designed to raise a permanent revenue stream of up to 18.5 percent of the economy as measured
by GDP. With the design characteristics of this new tax system, we estimate that the statutory individual and business tax
rate will likely eventually be between 25 percent and about 28 percent under traditional scoring methods. This is comparable
to or significantly below the typical rate facing an individual or family today. Most working families today are subject to
a 15.3 percent payroll tax rate on wages and salaries plus a 10 percent, 15 percent, 25 percent, or 28 percent individual
income tax rate for a combined rate of 25.3 percent, 30.3 percent, 40.3 percent, or 43.3 percent.
Indicator(s):
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