The T
George S. Patton Party
No, JB.
A general sales tax of 7% on all purchases, both personal and commercial, combined with an income tax of 7% on personal income in excess of $3 million per year.
No corporate income tax. No personal income tax on the first $3 million.
Buy a Ferrari, pay Ferrari tax - buy a 7 year old Ford Fiesta, pay less. (Unless of course, you're stupid enough to pay $135,000 for a 7 year old Ford Fiesta)
Need pens, paper or a copy machine for your business? Pay 7% on the invoice but your business keeps all the income you can generate with those tools and supplies.
No loopholes, no bullshit, no IRS bureaucracy to pay for.
Forgo the INCOME TAX. That's part of the problem. It has become a weapon of government for their power...
NO income tax. Flat or FAIR Tax...23% on all purchases. No matter what. People keep thier paychecks. Employers cease being TAX COLLECTORS for the government.
Could YOU afford a 23% sales tax on everything you buy?
That seems pretty excessive coming from you, T... Don't you think that would be too regressive for folks in the lower income brackets?
Besides, a "Winners Tax" of a flat 7%, applied ONLY to incomes that go over $3 Million in a year would not send your average small and medium sized businesses out hunting accountants to keep records on all those employees who would be affected. Most, if not all, businesses in America would be able to send some of their bookkeeping staff to the unemployment line and use that capital to hire workers to perform more productive (money making) tasks.
Can we afford taxation that punishes achievers and run them out of this nation for them to invest elsewhere but HERE? Tax policy that is used by the imperial FED and a handful of elitists to buy their power?
Americans For Fair Taxation: Americans For Fair Taxation <READ!
Not propaganda...but the course we should follow.