Wry Catcher
Diamond Member
- Banned
- #241
If Anyone can find a way around the Schemes you create it is the 1%. Unfortunately it is the rest of us that get screwed with your convoluted Bullshit. You want change? Effect it. Start with a New Impartial Tax Code. I challenge you to keep it under 100 Pages.
All income must be reported, as well as any gift over the amount of $1,000, A progressive tax rate will be applied to all income which exceeds the annual rate of poverty (no one pays on the first $xxx of income).
At or under $xxx, 0%; tax levels above 0% will rise in increments based on $15,000; percentages will also: Examples,
First level will pay 2% on gross income;
Next will bay 4%
3rd level will pay 6%
4th level will pay 8%
5th level will pay 10%
6th will pay 12%
7th will pay 14%
8th will pay 16%
Etc. etc. up to whatever the ceiling may be with the percentage of 90%.
The only deductions will be a tax credit for home ownership - one home, owner occupied on interest only - local and state taxes.
All income tax levels will pay into social security, Medicare and when war is declared (or even undeclared; all levels will pay a war tax of not less than 5% of the tax they paid in the prior year.
Corporate taxes will also be progressive, small cap, mid cap and large cap will each pay their 'fair share'.
Obviously the numbers are made up, but feel free to offer other ideas and ignore as I will the fools whose only argument is to personally attack the opinions they hold framed for them by Rush Limbaugh or another member of the New Right propaganda purveyors.
How's that Utopia holding up?
Why are Google, MSN, and Apple hiding money off shore again?
You keep trying to play Got Ya with the Rich, yet keep coming up with an empty net.
Why do the Rich pay all of those Tax Lawyers the big bucks again?
Why not just scrap the Tax Code, and start with something from scratch, something less convoluted. Only this time avoid the special Privilege and exemption. Simplify, keep it clear and fair minded.
Assuming you have one, post an example of how that would work. My concern is getting the economy moving and avoiding our nation further evolving into a plutocracy.