This is not the solution at all.
The solution is to completely repeal absolutely every income tax on the books, and then the 16th Amendment that allows what is simple theft by the government to exist. We stopped the draft because it was wrong. We should stop the income taxes because they are wrong, again being simple theft, which is wrong.
The thing to do is to replace the income taxes with the Fair Tax, which taxes new goods and services sold at retail. In that scheme, no businesses are taxed. That is as it should be, since these taxes harm businesses, but we can only tax such businesses if they do business in the USA. That is a great incentive to business to NOT do business in the USA, which they take to its logical conclusion and work to set up their manufacturing operations in foreign countries, resulting in a job scarcity in our country. In short, the income taxes are tearing this country apart, and have been ever since the rest of the world recovered from WW2 and began being able to compete with us. First textiles went to Italy and other places in the 60's, followed by consumer electronics in the late 60's and 70's, followed by great harm being done to steel and auto industries in the 80s, and then great impact to the intellectual industries like software in the late 90's to present as software development went to places like India and Russia. Income taxes in the USA are at the bottom of all of this. Their repeal would get a lot of these jobs to come back to the USA.
