Flat Tax Plan of 2010 proposed by Fremont V. Brown III

5% tax on every individual of their taxable earned income.

Taxable earned income would be considered income earned and earned income would be considered wages, salaries, or professional fees received from sources within the United States for personal services actually rendered.

Business, Corporate or Trades

5% on every person engaged in a business activity located in the United States on business taxable income of such person on the taxpayer’s share of the net profits of such business, corporation or trade, shall be considered as earned income. Net profit is income from sales or services minus standard business expensive.

The present U.S. Income Tax act would be completely repealed.

Read the balance of the plan at Fremont’s Thoughts

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Read the original story at Asheville Tea Party