If you make under $25,000, you pay no income tax. Everyone else pays 20%. You receive tax breaks for disabilities, children, educational spending, and charitable donations. Corporations would be taxed at 30%, but owners could take profits without being double taxed. Corporations could also receive up to 50% tax breaks through charitable works and/or donations (provides tax incentive for community projects, being 'green', or donating to a cause).
It all seems reasonable to me. Maybe I'm missing something. This would also simplify the complicated and bloated tax code we currently have. It could also encourage more businesses and workers to move here, which would stimulate growth.
Note: I chose 20% because I saw somewhere else a chart that showed that the ultimate tax revenue the government took in regardless of tax rate over the past 50 years or so was 20% of GDP.