- Joined
- Jan 13, 2012
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So I'm kind of worn out on the endless Romney - Obama bashing express. So, this topic is intended to be free of those 2names, no liberal conservative stuff, no political stuff at all. I hope some of you are capable of this.
The Specklebang for President for The Logical Party never really got enough attention for the 2012 race. So, you'll all have another chance in 2016. I've thought a lot about taxes and I've come up with a platform. Useful contributions will be appreciated.
Every item in the tax codes is erased. There are only 3 forms of "taxation" at the Federal level.
Every financial transaction that enters the system will pay a tax of 1/10 of a percent. That percentage is my starting point and I'll be happy to hear what you think.
So, you get a paycheck of $600 a week. You must deposit this in your bank OR you could just cash it. If you put it in the bank, you will pay $1.20. When your bank makes a loan of $600, there will be $1.20 tax. When somebody pays back the loan, there will be $1.20 tax. When Daddy Warbucks invest $1-million in a roast baby farm, he will transfer money from his account and pay a tax of $1,000.00. When he gets his monthly dividend of $10,000.00 he will pay a tax of $10.00. There is no tax on cash transactions UNLESS you deposit the money in a financial institution.
Money is always on the move - trillions and trillions of dollars flow from points A to B to C etc. The small percentage is painless.
This eliminates all personal and corporate taxes. There are just 2 more taxes. 10% of your income is placed in a Mandatory Savings account with an em,ployer match of 5%. The last thing is Specklecare which you will pay 5% and your employer will pay 5%. The last 2 will probably lose some money. They are a separate topic though.
Do you think this would raise enough revenue and do you think it's fair to everyone? Certainly "the rich" move around more money than "the poor" but the percentage is small and identical.
OK, I've tried to make an interesting thread. Anybody in? Take a break from bashing and lets reinvent America.
Specklebang For President 2016
I'm Specklebang and I approve of most things
The Specklebang for President for The Logical Party never really got enough attention for the 2012 race. So, you'll all have another chance in 2016. I've thought a lot about taxes and I've come up with a platform. Useful contributions will be appreciated.
Every item in the tax codes is erased. There are only 3 forms of "taxation" at the Federal level.
Every financial transaction that enters the system will pay a tax of 1/10 of a percent. That percentage is my starting point and I'll be happy to hear what you think.
So, you get a paycheck of $600 a week. You must deposit this in your bank OR you could just cash it. If you put it in the bank, you will pay $1.20. When your bank makes a loan of $600, there will be $1.20 tax. When somebody pays back the loan, there will be $1.20 tax. When Daddy Warbucks invest $1-million in a roast baby farm, he will transfer money from his account and pay a tax of $1,000.00. When he gets his monthly dividend of $10,000.00 he will pay a tax of $10.00. There is no tax on cash transactions UNLESS you deposit the money in a financial institution.
Money is always on the move - trillions and trillions of dollars flow from points A to B to C etc. The small percentage is painless.
This eliminates all personal and corporate taxes. There are just 2 more taxes. 10% of your income is placed in a Mandatory Savings account with an em,ployer match of 5%. The last thing is Specklecare which you will pay 5% and your employer will pay 5%. The last 2 will probably lose some money. They are a separate topic though.
Do you think this would raise enough revenue and do you think it's fair to everyone? Certainly "the rich" move around more money than "the poor" but the percentage is small and identical.
OK, I've tried to make an interesting thread. Anybody in? Take a break from bashing and lets reinvent America.
Specklebang For President 2016
I'm Specklebang and I approve of most things