14.5% flat tax rate for personal, capital gains and business income.
Before you grump about the flat tax, consider that this does include an exemption for the first $50,000 for a family of four. So in essence this is actually a progressive tax. Those with a family who make less than 50,000 pay 0% tax. Those with an average American family who make 75,000 would pay tax on only $25,000, which is about 5% tax. Those who make $100,000 would pay 7.25% tax. There would also be a mortgage deduction and charitable deductions which could make it even less. The uber wealthy would pay double the tax rate of those who make $100,000. Seems like a fair system to me. Also, corporations and capital gain investors would pay the same tax rate without tax shelter.