H
hipsterdufus
I wanted to see if anyone is interested in talking about tax reform?
The first place I would like to start is payroll taxes. This is a tax that over 75% of Americans pay and if congress wanted to lower taxes on something that would help the vast majority of Americans - this would be a great place to start.
As it currently stands, payroll taxes stop being paid at $90,000. One suggestion to fix Social Security is to raise the limit to say $1,000,000 that people pay payroll taxes.
Another suggestion is a doughnut hole. Leave a gap from say 150K to 450K (arbitray figures) then kick the payroll tax back in after 450K a year.
The taxes that are currently on the table - estate, dividend, capital gains etc are really giveaways to the rich - sure Middle Class Americans may see a little benefit from eliminating the estate tax. I think the cap right now is 1 million tax free. The number of Americans set to inherit that much is relatively small.
I also think that all income should be treated equally - whether it's from wages, capital gains, dividends or salaries. Treat it all equally.
I also think that we should close corporate loopholes that encourage American corporations to set up shop overseas. I would also propose an oversight commitee that would be in charge of eliminating corporate loopholes in the future.
The first place I would like to start is payroll taxes. This is a tax that over 75% of Americans pay and if congress wanted to lower taxes on something that would help the vast majority of Americans - this would be a great place to start.
As it currently stands, payroll taxes stop being paid at $90,000. One suggestion to fix Social Security is to raise the limit to say $1,000,000 that people pay payroll taxes.
Another suggestion is a doughnut hole. Leave a gap from say 150K to 450K (arbitray figures) then kick the payroll tax back in after 450K a year.
The taxes that are currently on the table - estate, dividend, capital gains etc are really giveaways to the rich - sure Middle Class Americans may see a little benefit from eliminating the estate tax. I think the cap right now is 1 million tax free. The number of Americans set to inherit that much is relatively small.
I also think that all income should be treated equally - whether it's from wages, capital gains, dividends or salaries. Treat it all equally.
I also think that we should close corporate loopholes that encourage American corporations to set up shop overseas. I would also propose an oversight commitee that would be in charge of eliminating corporate loopholes in the future.