Board 8 > Should older people have a higher tax rate?

(+) Yeah! (+)

Under this plan, your federal income tax percentage rate will be the greater of zero and your age less 25, with a cap at 40%. So, if you are less than 25, you pay no taxes. If you are 30, you pay a 5% tax on all your income. If you are 65 or older, you pay 40%.

This system will incentivize people to realize gains sooner and pay taxes, rather than deferring them indefinitely, because as you get older you pay a higher and higher tax rate. This tax structure will recognize the reality that older people have more control over government and use more government services.

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