Legislation for a Flat Tax on Income combined with a Universal Based Income as a minimum percentage of GDP.
Based on two books: The Share: A New Social Contract by Vector Hasting, independenty published 2019 and The Flat Tax (Second Edition) by Robert E. Hall and Alvin Rabushka, published 1985 and revised 2007
Note 1: This legislation amends Title 26, also known as "The Internal Revenue Code." Title 26 can be found in its entirety at: https://uscode.house.gov/download/download.shtml
Note 2: Title 26 has ten "Subtitles," the principle one is Subtitle A, which deals with Income Tax. Subtitle A is 2,000 pages long, or almost twice as long as the remaining nine Subtitles of Title 26 combined.
Note 3: The Share: A New Social Contract, references the work of Hall and Rabushka, adding legislative language to provide, and argue for, Universal Base Income, called The Share in that book because it is a share of GDP.
Note 4: The work of Hall and Rabushka is also the bases of H-R bill 1040 introduced into congress. However, that bill ALSO included repealing SUBTITLE B of Title 26, which deals with inheritance tax.
Note 5: Vector Hasting is mounting a 2020 democratic presidential bid to promote this legislation.
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