Tax Reform Compromise - Simplified

1. Eliminate taxes on first $25,000 of annual income and first $25,000 of capital gains,

2. Cut loopholes, exemptions, and deductions,

3. Reduce all tax rates with 25% being highest rate,

4. Add National Sales Tax on all products, except food, medical, and housing,

5. Raise Social Security Tax rate to 10% over the next 5-10 years and eliminate contribution ceiling cap.