Income taxes
To decrease tax evasion, I’m among the proponents that advocate retaining corporate income Taxes. Corporate and individuals' rates should differ but they should be effectively similar.
Corporate dividends paid should reduce their corporation’s taxable incomes and dividend incomes should not be treated more favorably than any other income sources. Sources of Incomes should not affect any tax rates applied to those incomes.
I’m also among the proponents of a great per capita increase of income tax credit per individuals and dependents and expansion of earned income tax credit, (a negative income tax). The per capita amount of tax credit should be pegged, monitored and annually adjusted when necessary to keep it abreast with the Cost-Price index number.
The reduced tax revenue should be replaced with a general sales tax paid by all. The numbers of individuals required or choose to file income tax returns will be dependent upon the amount of per individual tax credit. Many, if not most individuals earning no more than median net incomes will not be required to file federal income tax return forms and extremely few of them will pay any federal income taxes.
Respectfully, Supposn
To decrease tax evasion, I’m among the proponents that advocate retaining corporate income Taxes. Corporate and individuals' rates should differ but they should be effectively similar.
Corporate dividends paid should reduce their corporation’s taxable incomes and dividend incomes should not be treated more favorably than any other income sources. Sources of Incomes should not affect any tax rates applied to those incomes.
I’m also among the proponents of a great per capita increase of income tax credit per individuals and dependents and expansion of earned income tax credit, (a negative income tax). The per capita amount of tax credit should be pegged, monitored and annually adjusted when necessary to keep it abreast with the Cost-Price index number.
The reduced tax revenue should be replaced with a general sales tax paid by all. The numbers of individuals required or choose to file income tax returns will be dependent upon the amount of per individual tax credit. Many, if not most individuals earning no more than median net incomes will not be required to file federal income tax return forms and extremely few of them will pay any federal income taxes.
Respectfully, Supposn